San Antonio emerged as the only top‑10 housing market in Texas to post year‑over‑year growth in new construction, based on homebuilding data provided by consulting firm Zonda Advisory.
Figures indicate the San Antonio metropolitan market recorded 18,200 single‑family housing starts over the past 12 months, a 1 percent increase from the prior year, the San Antonio Business Journal reported. By contrast, Austin’s housing starts fell nearly 15 percent in 2025 to 14,620, representing a steep 40 percent decline from 2022 levels, with accompanying declines in home values and mortgage activity.
Together, the San Antonio and Austin metros produced about 32,800 housing starts, making the region the third‑largest homebuilding market in the United States, trailing only in-state rivals Dallas‑Fort Worth and Houston.
Bryan Glasshagel of Zonda Advisory emphasized the disparity, noting that San Antonio now ranks sixth nationally on its own and remains one of the few major markets still expanding.
“Should Austin continue to pull back, San Antonio is going to be the volume leader in the state,” he said.
Growth in the San Antonio market has concentrated outside of the city limits and even beyond Loop 1604, with notable increases in suburban markets such as Converse, Elmendorf, Castroville and Adkins. That puts most of the growth in the southern and eastern suburbs of the city.
The strength of the market was further underscored by data from the San Antonio Board of Realtors. Despite an 11 percent decline in October home sales to 2,639 properties, the median price held steady at $305,000, and inventory stood at 6.04 months — conditions described as balanced by local brokers.
“While sales have slowed, steady pricing and strong inventory levels give both buyers and sellers more flexibility,” Sabor Chairman Ed Zapata noted.
The current dynamic marks a reversal from 2022, when Austin significantly out‑built San Antonio.
