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⚡IMPACT LEVEL 3 — NOTEWORTHY

Epstein File EFTA01388630: Austin, Construction and Renovation (DS10)

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This document is a market analysis report on construction and renovation trends, discussing multifamily and commercial construction as a percentage of GDP, historical construction data from 1965-2010, and factors affecting construction markets including housing renovation, consumer spending, and regulatory oversight on commercial development loans, with references to San Francisco and Austin markets.

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Excerpt 1
On a national basis, **construction** of multifamily and commercial space totaled 0,9% of GDP in the first quarter 2016, in line with its 20-year average (
Excerpt 2
Exhibit 3: Commercial **Construction** 2.5% 2.0% Commercial **Construction** (Share of GDP) 1.5% 1.0% 0.5% 0.0% 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010
Excerpt 3
In many markets, prices have not increased enough to justify new **construction** (i.e., it is still less expensive to buy a building than to build one).

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