Saturday, January 21, 2006

Affordable Residential Construction in San Antonio

Construction in San Antonio continues to grow. Jack Inselmann, new housing analyst with MetroStudy, noted that 2005 was another record year. The 16,340 houses built in 2005 blew the top off the previous year with a staggering 27 percent increase. The boom has not yet driven prices past the average buyer, another sign of its sustainability. Half of all production is in the $100,000-to-$150,000 price range. The Texas Real Estate Center estimates the median price for a house in San Antonio at $135,000. The center estimates the area median income is 61 percent above what is needed to qualify for a median-priced house with a conventional loan.

Christina Whipple

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