Where's the real estate market at in Austin?

[austin-steve]

Originally Posted by CptnRn

I don't recall noticing that Architectural Billings were up much Feb. when you wrote that. They have been sinking since then. Architectural Record publishes this information every month.

This is the latest chart that is available on line.

I think think everything seems to have slowed again. My comment was anecdotal based on what I heard someone say in a class, but the stats seems to paint a different picture.

Steve

[CptnRn]

Originally Posted by austin-steve

I think think everything seems to have slowed again. My comment was anecdotal based on what I heard someone say in a class, but the stats seems to paint a different picture.

Steve

I understand your comment was anecdotal, I just thought you would appreciate getting the facts.

Actually I originally logged in to say that the graph published in the Sept. issue indicated a big improvement in billings for August, which was celebrated as promising news. However the more recent graph available on the website indicates that was an anomaly as billings are decreasing again in Sept.

[austin-steve]

Originally Posted by CptnRn

I understand your comment was anecdotal, I just thought you would appreciate getting the facts.

Actually I originally logged in to say that the graph published in the Sept. issue indicated a big improvement in billings for August, which was celebrated as promising news. However the more recent graph available on the website indicates that was an anomaly as billings are decreasing again in Sept.

I was at an economic update in Dallas last week for Property Managers. TX A&M Economist Mark Dotzour was a speaker. He said, oddly, high end commercial "trophy properties" are setting new sales records again. Other stuff is doin so so.

Sort of like the "top 1% keep getting richer" phenomenon, the top 1% of commercial real estate keeps getting more expensive which "middle class" properties tread water.

Steve