Sunday, August 21, 2011

Forecast: D-FW to lead in construction - Portland Business Journal:

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billion, the steepest drop sincer 1967, according to a report by . Dallas-Fortt Worth is predicted to lead the stat ein starts. The 2009 forecast calls for $14.11 billion in construction starts inNortyh Texas, compared to $12.5 billion in the Houston-Baytown-Sugarland area, $4.9 billion in San Antonipo and $4.4 billion in Austin. Those figurese represent a 12-percent decrease in D-FW construction, a 4-percent decrease in the Houstobn area, a 22-percent decrease in San Antonio anda 19-percent decreas in Austin, compared to 2008. The $14.12 billion in D-FW breaks down into $4.2 billion in residential construction, $6.3 billiob in nonresidential and $3.
6 billion in non-buildinb construction, according to the forecast. Statewide, housing constructionm will drop 22 percentto $16.1 billion in falling for the thirsd year in a row. Declines will be spread evenly acrosz the single family and multifamily Nonresidential construction will contract 32 percent to $21.4 billion, with both commercial and institutional starts pulling back. Non-building construction will be the one sector to witha 12-percent expected growth. Highway and bridg e construction, bolstered by the federal stimulus, will drive the non-building expansion, accordintg to the report.

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