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.
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).
Whether new or old, the…