Develop Austin Texas

The 2010 Texas Construction Outlook, released last week my McGraw-Hill, expects a 30% increase in Austin’s construction starts, and a 16% increase statewide, for a $52.5 billion industry. Austin is leading the other metropolitan areas, with Houston expecting a 17% boost, Dallas 16%, El Paso 8% and San Antonio 6%.

The biggest category for growth is expected to be in residential housing. Single family housing starts will increase by 31%, and multifamily by 34%. Nonresidential housing construction is expected to slip 1%, but public works and utilities should increase by 21%, boosted by federal stimulus funding.

For more than 100 years, McGraw-Hill “has compiled project and product information, plans and specifications and industry news and forecasts” to make their predictions.

Now is a great time to invest in development land in Austin and central Texas.

Pictured: The Falls – 315 Acres on Lake Travis

Tags: Austin, construction, dallas, hill, houston, investment, land, land investment, mcgraw, new construction, predictions, Texas

This entry was posted on Friday, February 19th, 2010 at 11:23 am and is filed under Non-Waterfront Land. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.