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The start rate for the second quartertotalesd 1,861 units, a 52 percengt increase compared with the first quarter of this The annual start rate in Austih from the third quarter of 2008 to the seconds quarter of this year was 6,949. “Thew second quarter period historically markd a time of increasedstart activity, basedd on increased buyer traffidc and sales during the spring selling said Mark Sprague, Austin partner with RSI. “Homebuilders had very few backloh orders to fulfill during the first quarter and no need to begihn anyspeculative construction, but buyer traffic and saleas have increased, marking the need for additional startws during the second quarter of 2009.
” The overalp annual level of new home startsx is still about 41 percent beloqw the third quarter 2007 to seconfd quarter 2008 annual rate. New home closings for the secon quarter of this yeartotaled 1,7876 homes, a 17 percent decrease compares with the previous quarter. the Austin area has seen abougt 8,900 home closings.
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