Local home builders continue to struggle through the real estate downturn, but experts say there’s light at the end of the tunnel. Unsurprisingly, the city’s new-home market shrank once again compared with the tax credit-inflated pace of a year ago.
According to housing research company Metrostudy, San Antonio builders started 1,952 single-family homes during the second quarter, down 17 percent from the same period last year. They also sold 22 percent fewer homes, closing 1,688 deals.
Click to read full article Housing starts down in second quarter (MySA.com, 7-29-11)