Report from Central Texas Housing Summit

Annemarie Diaz • • July 27, 2023

Today, Shaniko and I had the opportunity to attend the 2023 Central Texas Housing Summit, put on by the Austin Board of Realtors. This significant event brought together visionaries, industry experts, and community leaders, all driven by a shared mission to shape the future of housing in Central Texas and build a better tomorrow for our residents. We though there were a few highlights worth sharing with our TRS community!


The Summit had many great speakers, experts in the field of national and local housing, economy, labor and employment markets, and the interplay between them, including Dr. Selma Hepp, Chief Economist with CoreLogic; Dr. Clare Lowry, ABoR Housing Economist; and Mark Sprague, State Director of Information Capital with Independence Title.

 

ABoR also announced their new Rent vs. Buy report, just released today, more info and link below!


And Austin Mayor Kirk Watson provided an update on what City government is doing to address affordability and streamline the development review process, something for which all of us working in construction in Austin are looking forward to!


Key Questions Answered


Summit presenters answered several questions we believe are on the minds of our TRS community.


What will happen with interest rates? Still some debate on this one - we may see a slight decline coming in the fall, though other experts anticipate 2-3 years before we will see any reduction in interest rates. Something to bear in mind, while we all have loved the 2.5% interest rates we have enjoyed over the last couple years, in reality that low of an interest rate isn’t healthy for the overall economy. The current 6% interest rate is still manageable, especially given the concessions sellers and builders are still willing to provide and the long-term financial relevance of homeownership, something highlighted in the Rent vs Buy report linked below.


Will home prices continue to decline? The fall in home prices we have seen over the last year is expected to level off, we have reached a plateau. While we may still see a slight decline in home prices, that will be offset by continued population growth as Austin remains one of the most popular cities for relocations. In addition, the last two years new home construction has significantly declined, leaving a supply shortage in place that will support future price increases.


Is the Austin economy remaining strong? Very, very strong. We continue to see job growth, we continue to have an influx of population, Texas remains a desirable location, and Austin perhaps the most desirable location within Texas.


What are Austin homeowners looking for in their new home? There is a national trend of people moving out of dense urban areas into less dense areas and smaller towns. Driven in part by affordability constraints in the city as well as personal preferences, people are looking to move out into surrounding areas where they can get more home and space for the money. 


Are construction costs declining since the end of COVID? Unfortunately no, labor costs have not gone down and there has not been a significant increase in mills to support lumber availability. From TRS experience, we can say that there absolutely has been some price reductions in certain types of materials (for example basic 2x4 studs), while on average most other materials remain at similar price points over the last year. This affects cost of remodeling as well as construction of custom homes and home additions.


Rent vs. Buy Report

There are many factors a prospective homebuyer has in mind when considering whether to purchase a home of their own instead of renting. How long they will be in the home, affordability, and whether they can find something that meets their aesthetic and style. That said, the American Dream of homeownership remains, and for good reason.


ABoR was pleased to announce the release their 2023 Central Texas Rent vs. Buy Index during today's summit. Seeing as the producers of this report are far more intelligent than I, we better just provide an excerpt from the Executive Summary here and you can see more at the link below!


"The buy vs. rent index developed in this report models the tradeoff between purchasing a home or renting and investing in stocks, comparable alternative to homeownership. Specifically, this index creates a “horse race” between owning or renting and investing in stocks by comparing the proceeds from the sale of a home to the proceeds from a stock portfolio. The index is generated for three types of homebuyers: first-time buyers, move-up buyers, and luxury buyers for two scenarios, the first of which models retrospective outcomes for buyers who purchased between 2007 and 2022 and sold between 2007 and 2023, while the second models the potential outcomes buyers who purchase in 2023 and sell between 2023 and 2037.


In the Austin-Round Rock-Georgetown MSA, the results of the index indicate that, on average, homeownership would have been more financially favorable for all three types of buyers and for both scenarios. Under the first scenario, homeownership favored renting and investing nearly every 4 times out of 5 for first-time buyers, over 9 times out of 10 for move-up buyers, and nearly 10 times out of 10 for luxury buyers. Under the second scenario, homeownership favored renting and investing nearly every 3 times out of 4 for first-time buyers and in every instance for both move-up and luxury buyers." - 2023 Central Texas Rent vs. Buy Index


You can find the full report here.

Committed to Collaboration


By working together, we firmly believe that working together we can create a thriving housing ecosystem that stands as a testament to innovation, affordability, and sustainability.


The road ahead is filled with challenges, but we also see boundless opportunities to make a lasting difference in the lives of Central Texas residents.


Stay Informed


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Contact Us to talk more about how we can help you optimize the beauty, value, and functionality of your home!


By Annemarie Diaz December 29, 2025
As the year winds down, you may be thinking to yourself: “I know I would like to do our remodel project in the coming year… but where do I even start?” If that’s you, you’re not alone. At TRS Build, this is one of the most common questions we hear from homeowners who feel overwhelmed at the idea of remodeling their home, and it’s why we’re making this the second topic in our FAQ blog series. Think of this as your 2026 Remodeling Checklist , a simple, step-by-step way to move from “I’ve been thinking about it” to “We’re really doing this!” Read more below, or scroll to the bottom to download your PDF quick resource sheet ! Step 1: Clarify Your “Why” Before you look at tile samples or start scrolling on Pinterest, get clear on why you want to remodel. Ask yourself: What isn’t working in your home today? What feels too small, too dark, or not functional? What would make everyday life and/or special occasions easier or more enjoyable? What improvements could make you proud to have family and friends over to your home? Some common why's we hear form our clients include: We need more space when parents, children, or grandchildren come to visit I've been working from home for years and need a more private office space I don't enjoy having guests over because my home is outdated and I don't have a nice outdoor area We love our neighborhood, but we hate our kitchen We want to be able to age in place and need all spaces in our home to be easy to access, navigate, and use We want our home to encourage connection with our kids and neighbors Our home is too dark, we wanting to change the overall feel to be lighter, brighter, serene or adventurous Write your reasons down, consider starting a notebook or shared electronic file. Your list could become your north star when making design and budget decisions later. (Note that for couples thinking of embarking on a remodel together - don’t be surprised if you each have a different "why." No worries! We can work with you to find options that ensure everyone’s needs are met.) Step 2: Decide on Spaces and Priorities Next, think about which areas of your home should be addressed first . You don’t have to do everything at once (unless you want to). Common starting points: Kitchen remodel : the heart of the home, and often the space that impacts daily life the most. Primary suite : update your main bedroom + primary bathroom + closet to create a true retreat. Bathrooms : updating dated finishes, improving and/or expanding the layout, getting rid of the rub for a larger walk in shower. Living & dining areas : opening up walls, adding light, improving flow. Home addition : adding square footage for a guest suite, office, playroom, or larger kitchen. Decide: Must-do for 2026 , what can’t wait? Nice-to-have , what could be part of a phase 2 in the future? Having a phased mindset helps you plan realistically without losing sight of the bigger vision. This is another area where having a firm skilled in home design and construction by your side may be just what you need to help you think through options for what can be done in a future phase, and where you can find economies of scope when doing certain aspects of the project together. Step 3: Get Comfortable With a Budget Range You don’t need an exact number right away, but you do need a comfort zone . Think about: How much are you willing to invest in your home in 2026? Would you use using savings, home equity, financing, or other resources? What feels comfortable for you and your family? A design–build firm like TRS Build will help you understand how scope, selections, and structural changes influence your budget. When we talk with homeowners, we walk through: The spaces you want to remodel Whether you’re keeping the same footprint or changing walls The level of finishes you’re hoping for (good, better, best) Throughout our process, our goal is to align your vision, scope, and budget early, and provide the insights and guidance you need to make informed decisions in all of these areas. Step 4: Think About Timing (Life Timing, Not Just Calendar Dates) Remodeling isn’t just about construction schedules, it’s about your life timing. Consider: Do you want the project finished before a big event (graduation, new baby, retirement, holidays, long-term guests)? Are there months when construction would be especially stressful (busy sports seasons, major work deadlines)? Are you hoping to be living in the home during construction , or are you willing and able to be away for all or part of it? Most remodeling projects involve several phases (Discovery/Design/Permitting), several of which need to be completed before the first hammer swings. Together, these Pre-Construction activities will take several months before the work on the ground takes place. Getting started early on Discovery and Design means you’re more likely to hit the timing that matters most to you. Step 5: Gather Inspiration (But Make It Practical) Yes, this is the fun part: saving photos, pinning ideas, and dreaming a little. You can peruse our project galleries for inspiration for your Kitchen or Bath Remodel, Whole Home Transformation , Deck, Patio and Outdoor Kitchen , or new Custom Home or Addition . As you collect inspiration, note: What you like about each image (color palette, layout, cabinetry style, lighting, tile, etc.) How you want the space to feel (cozy, bright, minimal, warm, sophisticated…) Any must-have features (large island with seating, walk-in shower, freestanding tub, built-in storage, mudroom, etc.) What is your overall budget - we work with our clients to help balance inspiration with investment. As you share photos to help us understand what you love, we’ll discuss which elements are budget-friendly and which may require adjustments or alternatives. Some people are able to think through all of these on their own, whereas others really need the help of a Designer to help them define their goals. A good Designer will help you translate what you’re drawn to into realistic, buildable plans that fit with your home’s architecture and your budget. Step 6: Choose the Right Team When starting to reach out to professionals about your project, it is helpful if you can provide: Your goals and “must haves” A list of the spaces you want to remodel or expand A budget range and priorities for the project A sense for the timeline you would like to meet You don’t need all the answers before you reach out to us, we can help you think through, clarify, and specify any of these items as well. Ready to Make 2026 the Year You Love Your Home Again? If you’ve been thinking about remodeling for a while, this might be the sign you’ve been waiting for. Whether you’re dreaming of: A new casita, garage or custom home A brighter, more open kitchen A whole home refresh An addition that finally gives you the space you need Or a spa-like primary bath We at TRS Build are here to walk you through every step, from that very first “Where do I start?” to the moment you walk into your finished space. Contact us and choose from a virtual or in-home consultation today, and let us help you envision your dream home for 2026, and then make it a reality!
By Annemarie Diaz November 14, 2025
Welcome to the first blog in our new Frequently Asked Questions (FAQ) blog series!  One of the first questions many homeowners are thinking of when considering a remodel or home addition is: “How much will my project cost?” It’s a fair question - remodeling requires a financial investment, as well as a temporal and emotional one. At TRS Build, we know that transparency in pricing is essential to building trust and creating a smooth process from the very beginning. With over 10 years of experience remodeling homes in Austin, Georgetown, and across Central Texas , we’ve guided countless homeowners through the budgeting and planning process. This blog will give you a realistic look at what projects typically cost in our area and why TRS Build is the partner you can count on when it’s time to bring your vision to life.
By Annemarie Diaz October 6, 2025
Celebrating 10 years of TRS Build! Trusted remodeling contractor in Austin & Georgetown specializing in kitchens, additions, and whole home renovations.