Develop Austin Texas » hill http://www.developaustintexas.com Just another WordPress weblog Mon, 04 Apr 2011 15:08:46 +0000 http://wordpress.org/?v=2.8.6 en hourly 1 Austin Construction to Increase 30% http://www.developaustintexas.com/austin-construction-to-increase-30/ http://www.developaustintexas.com/austin-construction-to-increase-30/#comments Fri, 19 Feb 2010 19:23:37 +0000 admin http://www.developaustintexas.com/?p=296 Aerial_large1The 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

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