Dropping a bit from being one of the highest rates in the country still puts it at one of the highest rates in the country.
Looking at this data:
https://constructioncoverage.com/research/cities-investing-m...
If housing starts in Austin drop 15% for 2026, as some places are estimating, that puts Austin from 32,294 to 27,453 new homes added. It changes its national rank in this dataset from #6 to...#6.
… why would the relative ranking matter?
Your claim is that falling prices aren’t leading to less development.
That is both logically and empirically false.
The observation is simply that supply chases demand. As demand is satisfied, prices go down and supply creation slows down or even stops. It’s befuddling that you’re acting like this doesn’t apply here.