New numbers: It's the roaring '20s in Austin — for now "The Austin area is expected to have the second-fastest growing economy in the U.S. in 2022, trailing only San Francisco. Central Texas is projected to see economic growth of 4.3% this year, according to a new report from the Kenan Institute of Private Enterprise at the University of North Carolina Kenan-Flagler Business School." (Colin Pope, Austin Business Journal)
Austin is looking for a place to store massive amounts of water to pull from during droughts "Austin is planning a big underground water storage project that would provide it with another source of water during droughts. But city planners are not sure exactly where to put it. This week, they'll meet with residents of Lee, Bastrop and Travis counties, the three counties that may end up playing host to the project." (Mose Buchele, KUT 90.5 FM)
Adding to Austin EV hub, Tesla-rival Rivian opens center for services, deliveries "Electric vehicle maker Rivian is expanding into Austin with a service center that will also double as a place for its Central Texas customers to pick up their new rides. Rivian — considered a rival of Austin-based Tesla — adds to the city's growing hub of electric vehicle companies with its new 24,000-square-foot center, which opened last month." (Kara Carlson, Austin American-Statesman)
Lockhart getting first build-to-rent neighborhood "The build-to-rent housing train keeps on rolling, this time in a southerly direction as the burgeoning city of Lockhart is set to get one of the neighborhoods. San Antonio-based Lynd Development Group LLC and its partner, TR Inscore LLC, could build 174 attached single-family homes for rent. The community, named Lynd Living@Lockhart, would be built on 30.5 acres south of San Antonio Street and west of State Highway 130." (Cody Baird, Austin Business Journal)
Austin’s growing pains impacting housing, jobs east of 130 "The push of economic development flowing from Austin has officially hit the SH-130 corridor, and is bringing the same pressure on infrastructure, housing and workforce development that have become regular talking points in Austin political circles for years." (Chad Swiatecki, Austin Monitor)
Austin housing market shifts with most active listings in more than a decade "In August, a national report predicted that Austin's housing market would see the most dramatic swing from a seller's to a buyer's market by summer 2023. The Capital City seems to be headed in that direction, with the latest monthly report from Austin Board of Realtors showing an unprecedented increase in active listings and home price growth that continues to return to normal levels." (Arden Ward, CultureMap Austin)
