The famous local music scene isn’t the only thing booming in Austin. In a slow housing market that has undeniably hit Austin and other cities, Austinites are looking more and more to remodeling their homes.
Last year in 2010, only 5,800 new homes were built, according to Metro-Study. This is a 10% drop from the previous year, and only a small increase is forecasted for this year. And so people are finding ways to improve the homes that they already have.
People like David Davison, the Austin President-Elect of the National Association of the Remodeling Industry, are encouraged by the boost in remodeling as signs of growth and rebounding. “We’re really encouraged by what we have to look forward to in 2011,” Davison said.
Of course, the financials are what’s driving this rebound. Residents have looked at their budgets and at building costs, and have decided that it costs less to remodel and reorganize existing materials. And, though building a new house might seem nice, the economic rebound is pushing Austinites along toward improving what they already have—a greener and smarter trend for all concerned.
Photo Credit: Stuart Seeger via Flickr CC