New Braunfels land for sale helps boost San Antonio area housing market activities. San Antonio Business Journal featured Vintage Oaks and SouthStar Communities vice president Thad Rutherford in a recent article highlighting the region’s positive outlook.
The greater San Antonio single-family housing market ended the first three months of this year boasting double-digit growth in construction starts and home purchases, according to the latest analysis by Metrostudy.
And the best is likely still to come, says Jack Inselmann, who is a senior vice president of Metrostudy, a leading single-family research firm.
Metrostudy reports that buyers closed on a total of 7,800 homes over the 12 months ended March 31, 2013 — a 12 percent increase from the 6,969 annual closings reported at the end of the first quarter of 2012.
“New-home demand this spring is very good, and builders look forward to a prosperous summer,” Inselmann says.
That the local housing market is in a better position these days is also evident in a renewed sense of energy among the industry’s players.
Thad Rutherford is the senior vice president of SouthStar Communities, the Dallas-based developer behind Vintage Oaks at the Vineyard, in the city of New Braunfels.
Rutherford was at a housing summit earlier this month.
“The energy in the room was palpable,” says Rutherford of the event.
The energy is palpable among buyers as well.
Case in point is Vintage Oaks.
As previously reported by the Business Journal, over the three months ended March 31, 2013, the community reported 44 lot sales — which represents sales of more than $3.5 million.
That figure marks the highest-grossing sales quarter for Vintage Oaks since 2008.
Rutherford, however, does not expect this to be the last record-setting quarter for the community.
“We anticipate beating that record in the second quarter, and at least maintaining that record in the third and fourth,” he says. “People want to buy houses.”
That energy is also prompting some new developments. Rutherford, for example, says that SouthStar hopes to begin work on its next community within the next three months — this one to be located just north of New Braunfels.
“San Antonio remains one of the healthiest housing markets in the country,” Inselmann concludes. “New-home inventory is tight and healthy, and prices are rising.”
Source: San Antonio Business Journal
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