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Eagle Ford Could Boost SA New Home Starts

by admin on January 11, 2012

SAN ANTONIO (San Antonio Express News Link) – It’s been a rough ride for the Alamo City’s housing market since 2006, when area home starts hit a high of more than 19,000. But that could be about to change, especially with a little help from the Eagle Ford Shale.

Speaking to more than 500 industry insiders last Friday, Adam Haynes with Chesapeake Energy Corp., encouraged local builders to build homes in South Texas counties.

He said drilling activity in the Eagle Ford Shale has stressed the housing market and led to $2,000-plus monthly rents, so homes are needed.

Still, San Antonio has the healthiest new-home inventory in the nation, Inselmann said, with just 1,300 finished and vacant homes on the ground ready for sale.

Framing crews start a home as KB Homes construction continues in the Bella Vista neighborhood off Potranco on the far west side of San Antonio on May 5, 2011. Tom Reel/Staff Photo: Treel@express-news.net, Tom Reel  Read more: http://www.mysanantonio.com/news/local_news/article/10-boost-in-S-A-home-building-predicted-for-2012-2446236.php#ixzz1jACy0mEP

Photo: Framing crews start a home as KB Homes construction continues in the Bella Vista neighborhood off Potranco on the far west side of San Antonio on May 5, 2011. Tom Reel/Staff
Photo: Treel@express-news.net, Tom Reel

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