Hay Legal Group PLLC

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The start of a new year is a time for reflection on the successes and challenges of the prior year and focusing forward to the goals ahead for the year.  In recent weeks, two important annual economic forecasts for Central Texas were presented in Austin. The Homebuilder’s Association of Greater Austin (HBA) with the Austin Board of Realtors (ABoR) and AngelouEconomics with Austin Business Journal both presented economic forecasts for the Austin area.

Some highlights from the two events are below, with more information found in the links to the full presentations.

The HBA of Austin and ABoR event featured 3 speakers. Some of the key points from their presentations include:

Dr. Greg Hallman, Senior Lecturer of Real Estate: The University of Texas – Austin. Full Presentation

Colleen Sharp, VP and Associate Head of Insights Integration: Kantar Futures. Full Presentation

Eldon Rude, Principal: 360° Real Estate Analytics. Full Presentation

AngelouEconomics and the Austin Business Journal presented their forecast in digital format, for the first time in 33 years. Some key takeaways follow. Full Presentation.

Population Growth +3.2% –  Employment Growth +3.3% –  Retail Growth +9.2% – Business Growth +3.6% –  Average Wage +2.9% –  Unemployment +0.2% – Housing Starts +16.8%

 

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