Outlook Upbeat for Texas Construction Starts in 2010

NEW YORK, February 12, 2010 - The McGraw Hill Construction Outlook released today says construction starts in Texas will increase within and outside major metropolitan areas.

"In 2010, the value of Texas construction starts will advance 16% to $52.5 billion," states the report.

Growth is expected for the each of the major metropolitan areas within Texas: Austin is expected to climb 30%, Houston 17%, Dallas 16%, El Paso 8%, and San Antonio 6%.

Highlights of the report conclude:

1. Housing starts in Texas are expected to advance 31% to $21.8 billion in 2010, with single family housing growing 31% and multifamily housing gaining 34%.

2. Nonresidential construction starts will slip 1% to $17.6 billion, suffering from declines in commercial and industrial starts.

3. Federal stimulus funding will assist public works and utilities construction as starts rebound 21% to $13.1 billion in 2010.

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