News Article | 7/23/2014

ULI Panel: All systems go for Austin housing market, but what about affordability?

Austin Business Journal: The short-term prognosis for new housing in Austin is all systems go. The long-term situation could be greatly tempered, however, by escalating material costs, labor shortages and fewer attractive land options. That was the opinion of three experts at a breakfast presentation sponsored by the Austin chapter of the Urban Land Institute. Brian Carlock, senior vice president of acquisitions for Hillwood Communities, based in Dallas, said, “Austin is an amazing place, and Texas is the envy of the entire country. We love being here in Austin, but the challenge is affordability.” See full story.