Austin Construction Activity to Climb 30%
As reported today in the Austin Business journal:
Texas’ construction activity is expected to improve this year with Austin fairing the best, according to a McGraw-Hill Construction report Thursday.
The 2010 Texas Construction Outlook shows construction starts value increasing 16 percent this year to $52.5 billion statewide. Austin is expected to experience the largest growth, rising 30 percent in value, followed by Houston, growing 17 percent. Dallas is projected to increase 16 percent and El Paso should add 8 percent value this year. San Antonio is expected to see 6 percent growth.
The report said housing starts are expected to grow 31 percent to $21.8 billion, while commercial construction starts will slip 1 percent to $17.6 billion. Federal stimulus funding will boost public works and utilities construction, according to the report.
McGraw-Hill has compiled project and product information, plans and specifications and industry news and forecasts for more than a century. The publication is owned by The McGraw-Hill Cos. (NYSE: MHP) in New York
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