AUSTIN (KXAN) - The 78748 zip code in Southwest Austin is said to be one of the fastest growing in the region. But that area isn't the only area that is experiencing growth.
The Overlook Estates is a new project in the works on Circle Drive near the Austin Zoo. It has about 44 lots planned -- 14 of them have already sold. There is nothing to look at except dirt roads, lots of trees and heavy construction equipment -- unless you count the scenic view of Downtown Austin, and a look into the future.
Custom homes will be priced from $600,000 to $800,000.
"Even now in this economy we're building about 6,000 houses a year," said Harry Savio, executive vice president of the Home Builders Association Greater Austin. "People are continuing to move to the region."
That 6,000 number is down from years past. In a normal year crews are building 12,000 to 14,000 houses a year. But builders are expecting a dramatic growth spurt when banks are willing to play nice again and share -- and that, they say, can happen soon.
"In Austin development has been difficult at times but it's always come. Austin right now is one of the top housing cities in America," said Mitch Schwartz, president of Schwartz custom homes .
Anticipated growth is across the city. Acres of land are purchased and builders have already drawn out where they want houses to land. Those written plans are called paper lots.
"I think it's in the 20,000 range. I think there's just a huge number of paper lots set there and ready to go that essentially all they really need is financing in place," said Savio.
The best laid plans, though, don't always work out if the other pieces don't fall into place. More families, more industry, and more interest mean more cars and more congestion. Builders want to make sure transportation is ready when the boom happens.
"I think we have to find the right balance of putting streets out there now and controlling it that way rather than controlling it after that fact," said Schwartz.
Join KXAN and ATXpansion, Wednesday at Huston-Tillotson University for a live town hall meeting. The event will be livestreamed on KXAN.com.
Family and friends held a vigil Wednesday at the State Capitol in hopes that a Bastrop man can win a new trial.
An unusually cold blast of arctic air arriving early Thursday will be followed by an increasing chance of freezing drizzle/rain and sleet by Friday morning.
The HealthCare.gov website is working more smoothly for central Texans.
City leaders in West Lake Hills discussed the ongoing concern with the city's water system Wednesday night. The problems arise when water is needed most; fighting fires.
Federal, state and local authorities on Wednesday arrested 15 people and seized 70 firearms in raid on a methamphetamine operation based in Burnet County.
Former Georgetown Police Officer Stephanie Brown said her ex-boyfriend, former Round Rock Officer Eric Poteet, made up accusations against her after she broke up with him.