Millennials and baby boomers alike are flocking to Texas with one goal in mind: to keep things weird. Single-family home sales in the greater Austin metropolitan area have skyrocketed, according to the Central Texas Housing Market Report released last month by the Austin Board of REALTORS®. More than 2000 homes sold in Austin alone in November 2016, a jump of 15.8 percent over the year before, and it’s no fluke. Surrounding areas have experienced similar, even faster growth: in nearby Hays County, 24.2 percent; the counties of Travis and Williamson, 11.3 and 14.7 percent respectively.
Demand is up and prices are too, but inventory is not. The average time on market for a single-family home in the Austin-Round Rock Metro Statistical Area increased just 0.1 months year-over-year to 1.9 months; it bears noting that market researchers at Texas A&M University designate six to 6.5 months of inventory to be the level where supply meets growing demand.
“Housing inventory will continue to be one of the biggest challenges facing the Central Texas housing market in 2017,” said Aaron Farmer, 2016 President of the Austin Board of REALTORS®. “In some local markets such as Round Rock, inventory levels have fallen below 1.0 months, which means that available housing stock is practically non-existent. It’s critical that our cities’ leaders begin to look at housing affordability not as just an Austin issue, but an issue affecting our entire region.”
The solution is a new brand of cost efficient, eco-friendly, space-saving, ultra-modern homes from Austin’s first container-based builder, Make it Modular.
When planning to build a fully functional container-based home, Make It Modular first considers the needs of and particular challenges facing the community, and makes a steadfast commitment to leave each neighborhood a little better, a little more welcoming, and a lot greener, too.
Our homes, from the top to bottom and the inside out, are constructed using renewable, repurposed materials, and everything that can be recycled is. And that’s not to mention the sustainability of the process; industry data has indicated that retrofitting a shipping container for residential living consumes as much as 95 percent less energy than the process to break down the steel for new industrial use.
Make It Modular container homes can be erected much quicker and for lower cost than traditional single-family homes, and are fully customizable to meet the demands of Austin homebuyers’ discerning tastes and spatial restrictions too.