How Austin Is Beating the Affordable Housing Crisis [8Zj8idPyPFg]
Austin became the fastest-growing large metropolitan area in the country during the pandemic, as remote work, corporate relocations and rapid in-migration helped push rents up roughly 25% in 2021. Austin’s long-running supply strategy – expanded under Mayor Kirk Watson through faster permitting, looser zoning and smaller minimum lot sizes – helped add nearly 50,000 rental units across the metro in 2023 and 2024, contributing to a 19% inflation-adjusted decline in city rents from the 2021 average to 2025, even as oversupply began pressuring developers and slowing new construction. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: Visit for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: Facebook: Instagram: Connect with Bloomberg Business on: X: Facebook: Instagram: TikTok: Reddit: LinkedIn: More from Bloomberg: Bloomberg Radio: Bloomberg Surveillance: Bloomberg Politics: Bloomberg Originals: Watch more on YouTube: Bloomberg Technology: Bloomberg Originals: Bloomberg Quicktake: Bloomberg Espanol: Bloomberg Podcasts: