Austin economy strong.. for now

Angelou also said that in 2014, about 66,000 people moved to Austin. The economy added more than 39,000 jobs, and Austin is expected to add more than 69,000 new jobs in the next 2 years.

Austin also has the most expensive housing in the state. The average home costs about $300,000, a 187 percent increase since the early 1990s.

And nothing’s going to change with traffic: Angelou estimates within the next few years, there will be an additional 80,000 cars on our roadways.

“It’s a cost to our local economy to the tune of nearly $600 million a year, we are commuting 640,000 hours every day, and eventually quality of life suffers,” he said.

Angelou said Austin’s growth won’t always be this robust, and he’s worried it could stop completely, especially if the region doesn’t address the huge traffic problem

http://www.kvue.com/story/news/local/2015/01/08/austins-economic-forecast-for-2015/21442041/

 

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