FM 1460 Recieves State Funding

This is awesome news. FM 1460 is one of two major arterials to Round Rock’s Education and Health District, which contains Texas State University, ACC’s 27 acre campus, Texas State Nursing School, Texas A&M Medical School, Scott & White Hospital and Seton Hospital. Whew, and that’s still not everything.

This road, sorely undersized and in a state of deconstruction, represents one of the most important undertakings for the future economic health of Round Rock and Williamson County. This project has had the rug pulled out from under it once and was on the verge of having it pulled out again. Big thanks goes out to our state and local officials who went to bat for Round Rock, including our state representative, Diana Maldonado.

Residential Lot Developers

Like the real estate market across the county, development conditions in Williamson County is less than ideal. And while not as robust as twelve months ago, the commercial market remains not unhealthy (yes, thats what I said). [by commercial market, I am generally referring to just about everything other than individual residential home sales]

An interesting indicator I am watching is the building of new residential lots, which isn't happening right now. Corporate home builders in the county [DR Horton, Centex, Lennar and others] for the most part sold their lot inventory of constructed lots or land to be entitled as lots late in 2008 so they could send cash to their east and west coast subsidiaries. The issue here is they are still building and selling new homes at a respectable pace, and burning through their inventory existing lots. My estimation is that come the fourth quarter of 2009 corporate builders will be more or less out of lots.

I look for lot developers to step in and fill the lot needs of the corporate builders. Thus, I am looking to see when lot developers begin construction, spurring the demand for new commercial development.