Austin job growth imminent, but so are challenges, economist predicts

“Our economy is red hot,” Angelou said, projecting job growth in every major employment sector, particularly in the business, hospitality and retail fields.

But Austin has become the most expensive housing market in Texas, Angelou said, with average home costs approaching $300,000. The rising costs threaten to price many existing Austin residents out of the market should the city's housing supply not significantly increase, despite a 17.9 jump in new housing starts in 2014, he said.

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