Austin, TX
Drop in Texas building permits indicates slowdown, shift
AUSTIN, Texas – At first glance, Austin seems to be in the midst of a building boom, but the boom apparently has lost some of its pop, according to a report by real estate tracking company Point 2 Homes.
Building permits in the Austin metro totaled just over 38,000 in 2023. While that’s a big number, permits are actually down 10 percent. Analyst Doug Ressler spoke to FOX 7 Austin about what’s happening.
“So basically, what we’re seeing is a slowdown, if you will. Couple things. First, slowdown in migration patterns. And the interest rate. The higher mortgage rates are really inhibiting, you know, the building and buying of homes,” said Ressler.
Compared to other metro areas across the nation, most in Texas are doing a better job weathering the current economic storm. Houston and Dallas led the nation in the number of permits in 2023, while Austin came in 5th, edging out the Atlanta metro. Ressler noted the tech industry and business-friendly state policies for providing a buffer.
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The Point 2 Homes report also indicated San Antonio had the biggest permit drop in Texas, by more than 30%. On the upside, several small metro areas saw increases, with the big winners being Sherman, Waco, Midland, and Texarkana.
“I don’t think there’s a bubble. I think what you’ll see is a stabilization, if you will, between supply and demand,” said Ressler.
That begs the question: should a buyer beware or buyer be choosy?
“I think it’s Buyer Be-Wait for the Fed to come out and start dropping the interest rates,” said Ressler.
The mortgage loan rate spike is providing home contractors like Jose Marcano with extra work.
“I think the interest rates are too high, and they want to just pretty much stay in their house, remodeled, and not sell it to go ahead and buy a new one because it will be more expensive for them,” said Marcano.
Inflation and supply chain problems can also make remodeling expensive.
“The prices on materials are too high right now. Even the price of the service to give the service call to the customer are outrageous right now,” said Marcano.
Austin real estate sales pause is not a bust
The Austin Board of Realtors can provide a comparison from a year ago. June 2021 had less than a month of housing inventory.
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The Point 2 Homes report also points to a shift in what’s being built.
In 2023, contractors broke ground on fewer single homes compared to the previous year, but there was a 22% increase in multifamily units. This indicates builders are betting on the rental market, even if interest rates drop by early 2025. And when the market improves, the type of client is also expected to change.
“So, what there is, is this market niche, this growing market in is called build rents, single family rentals. And they’re typically built, in the, what we call the X-urbs, border areas around urban cores and suburbs. And they look like a house, and they rent, and people love them. And so, what we see is that’s a growing market that will absorb what you’re talking about in terms of a lot of the demand that’s pent-up right now, that will be either moving from a interim rental to a buy position over the course of the next ten years,” said Ressler.
State and local leaders should use this downtime to invest in more infrastructure projects, suggested Ressler, and do things like what’s being done around the new Samsung plant in Taylor.
Austin, TX
Texas is getting a massive new state park, and it will be the second largest in the state
AUSTIN, Texas – A massive stretch of Texas Hill Country is officially becoming a new state park, and it’s set to be one of the biggest outdoor destinations in the entire state.
The Texas Parks and Wildlife Department announced Wednesday that nearly 54,000 acres in Edwards and Kinney counties have been acquired to create Silver Lake State Park, which will become the second largest state park in Texas behind only Big Bend Ranch State Park.
The future park is located about 150 miles west of San Antonio between Rocksprings and Uvalde and features rugged canyons, rolling hills, river frontage along the West Nueces River, and a rare 30-acre spring-fed lake known as Silver Lake.
Why this is a big deal for Texans
Texas has seen growing demand for outdoor recreation and state park access in recent years, with many parks regularly reaching capacity during weekends and holidays. Officials say this acquisition will dramatically expand public access to protected land in the Hill Country.
Governor Greg Abbott called the project another example of how “the opportunities to explore nature’s wonders are truly bigger in Texas.”
The land was largely donated through the Moody Foundation, which gifted 87.5% ownership of the property to the state. Texas Parks and Wildlife purchased the remaining portion for $11.85 million using money from the Centennial Parks Conservation Fund and Sporting Goods Sales Tax revenue.
What visitors can expect
According to Texas Parks and Wildlife, the property includes:
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Steep limestone cliffs and deep canyons
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Miles of river frontage
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Creeks and natural swimming holes
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Oak-covered hillsides
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Caves and ancient pictographs
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Wildlife including deer, turkey, dove and javelina
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Habitat for endangered species like the golden-cheeked warbler
The park will be developed in phases. Early access may include guided tours and limited day-use opportunities before larger recreational amenities are added. Future plans could include camping, hiking trails, paddling access and visitor facilities.
When will it open?
There is currently no official opening date for Silver Lake State Park. Texas Parks and Wildlife says planners will first conduct environmental and cultural surveys before finalizing recreational plans and infrastructure improvements. Public input will also help shape the park’s future.
Officials say the process could take months, but once complete, the park is expected to become a major outdoor attraction for Texans and visitors alike.
Copyright 2026 by KPRC Click2Houston – All rights reserved.
Austin, TX
Texas Governor Greg Abbott issues directive keeping college tuition frozen for upcoming school year
Greg Abbott, governor of Texas, speaks to members of the media after casting his ballot at a polling location inside Austin Recreation Center on the first day of early voting in the Texas runoff election in Austin, Texas, US, on Monday, May 18, 2026.
Gov. Greg Abbott on Wednesday issued a directive reinforcing a freeze on undergraduate tuition and fees at all public institutions of higher education in Texas for the upcoming academic year.
Tuition freeze extended
In a letter sent to college and university presidents, Abbott made clear that his November 2024 directive remains fully in effect and that no undergraduate tuition or fees should be increased for the 2026–2027 academic school year. The freeze applies to all public two-year and four-year institutions, including both general academic and health-related schools.
What they’re saying:
“Higher education must be attainable for Texas students and families,” Abbott said in a statement. “Access to affordable, high-quality higher education is essential to ensure Texans learn the skills needed to secure family-sustaining jobs and meet the demands of a growing workforce.”
Undergraduate tuition and fees at Texas public institutions have remained frozen since 2023. While the state legislature previously codified the freeze for general academic four-year universities, Abbott emphasized that his executive directive encompasses all public higher education systems.
State officials noted that the tuition freeze has been paired with significant state investments intended to offset institutional costs and support affordability. In 2023, the state invested more than $680 million to reform community college funding and expand degree pathways. Additionally, during the 2025 budget cycle, Texas increased student financial aid funding by $328 million to expand access to state financial aid programs for eligible students.
What’s next:
Abbott indicated he plans to work with the legislature during its next session to extend the tuition freeze into future academic years.
The Source: Information in this article is from the Texas Governor’s office.
Austin, TX
State Senator Nathan Johnson defeats Joe Jaworski in TX Dem State AG primary runoff
AUSTIN, Texas — Texas State Senator Nathan Johnson has defeated his opponent Joe Jaworski for the Democratic primary nomination in the Texas State Attorney General’s Race.
Johnson grabbed nearly 60 percent of the vote in Tuesday’s runoff election.
“A Johnson victory means that Democrats will probably have the best candidate for a November run as their nominee,” said Mark Jones, a political science professor at Rice University.
Johnson is campaigning on a focus on public safety, including building public relationships with prosecutors and law enforcement, and protecting competition in the marketplace for Texas consumers.
ALSO| Texas AG Ken Paxton wins GOP runoff for US Senate, ousting longtime Sen. John Cornyn
Johnson will take on either current U.S. Congressman Chip Roy or current Texas State Senator Mayes Middleton in the November election.
While calling Johnson the favorite in the Democratic primary, Jones says Johnson will be the underdog in a much different battle in November.
“Texas remains a reliably Republican state where Republican candidates start with a natural, high single-digit advantage,” said Jones. “And unlike the case of, say, Ken Paxton, who’s a deeply flawed candidate, neither Mays Middleton nor Chip Roy has any of those same flaws. They’re very conservative.”
The winner of November’s race will replace Ken Paxton as state Attorney General. Paxton has held the position since 2015, but is running for U.S. Senate in 2026. Follow all election results here.
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