Check out this week’s biggest construction headlines with our Monday Morning Eyeopener. This week we dig into 2020 construction starts forecast featured in Real Estate Weekly,
Construction Starts Set to Slip as Economy Slows via Real Estate Weekly
It’s not all bad news according to Real Estate Weekly’s latest headline that recap’s the latest outlook from Dodge Construction Outlook. While total U.S. construction starts are forecast to decline in 2020 to $776 Billion, the market continues to crank out new construction at a record-breaking pace and remains at one of the highest levels of all time. Amongst the losers? Warehouse, hotel and residential construction are set to take the biggest hit with a 6% drop in starts. Educational and healthcare construction along with public works projects are predicted to be big winners, however, which is good news from a stability standpoint.
With an industry-wide labor shortage continues to make waves at many large construction firms, many are actively working to recruit women and retain them in the field. Women represent 10% of the overall construction workforce but many large companies are actively looking to increase that number. Last week, Autodesk and Associated General Contractors of America announced a grant program they are launching to develop better-fitting personal protective equipment designed for women working at heights to increase site-safety and to attract more women to field-based roles.
Autodesk and AGC recently announced a grant program to develop better-fitting personal protective equipment for women working at heights on large construction projects.
Texas is Home to Many of the Cities Seeing Fastest Population Growth since 2010 by USA Today
Texas continues to remain at the center of the United States population growth, with a number of its cities leading the nation in terms of overall growth. In fact, when looking at the 25 fastest-growing cities, 10 of those cities were located in Texas meaning the state absolutely dominated in terms of its population increase.
- Odessa, TX – 16% Growth
- Austin, TX – 16% Growth
- Round Rock, TX – 16.5% Growth
- League City, TX – 17.5% Growth
- Midland, TX – 18.1% Growth
- New Braunfels, TX – 21.8%
- Pearland, TX – 24.6% Growth
- McKinney, TX – 25.7% Growth
- Frisco, TX – 32.8% Growth
- Conroe, TX – 37.1% Growth
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