When folks are shopping for a new home in the Austin area, there’s a good chance they’ll wind up in a newer home.
In a new report by Homes.com, Austin ranks No. 4 in the U.S. for the newest homes for sale, with 34.6 percent of listings being built in 2000 or later.
Ahead of Austin, the top locations for the newest homes being sold are:
New Orleans, 40.8 percent
Raleigh, North Carolina, 38.4 percent
Nashville, Tennessee, 35.4 percent
Elsewhere in Texas, Houston appears at No. 8 (29.3 percent), and Dallas appears at No. 17 (23.5 percent).
It’s no wonder that these Texas markets stand so tall on the newer-home ladder. According to the National Association of Home Builders, the Austin area ranked No. 5 for most permits issued last year for new-home construction (21,653). Houston had more than anywhere else in the U.S. (48,208), and Dallas-Fort Worth ranked second (43,884).