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Big Projects Back from the Dead In Austin
FROM ABJ
Before the downturn in 2008, the Austin area had about 12,000 units that were aggressively seeking construction financing, said Charles Heimsath, president at housing research firm Capitol Market Research.
When the markets crashed, most of those projects were put on ice. Since then, Austin weathered the economic storm better than most, but global and national economic woes still slowed construction here. About 4,800 rental units are under construction here today, ...
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