Texas is flourishing economically and leading the nation in job growth, which is positively affecting the construction industry in the state. Between April 2013 and April 2014, the state added 23,900 jobs, according to The Associated General Contractors of America. Between March and April of this year, Texas's industry added 7,500 jobs. Tradesmen throughout the state are working on all types of construction, ranging from industrial and commercial efforts to residential development.
The northern part of Texas is doing particularly well. Lucy Billingsley, an influential builder in the area, is working on several projects in and around Dallas. One of the developments include the Nationstar Mortgage headquarters. This company will lead to further residential and business developments. The projects are addressing the high demand for office space, single-family units, retail, multi-family homes and industrial buildings. In fact, Northern Texas is building more apartment complexes than any other state, The Dallas Morning News reported.
Road construction is also underway in the region. CBS DFS, the local station in Dallas-Forth Worth, reported that the area is booming because of low interest rates, job growth and corporate expansion.
"What's happening in Dallas is self-evident," Billingsley told CBS. "This is a state that's a 'can do' state. There is an energy, excitement for tomorrow. How are we going to grow and what companies are going to grow here? That's infectious!"
The University of Texas at Austin is also taking on a construction project. The academic institution is working on the new Dell Medical School. The UT System Board of Regents funded $334 million for the project, according to The University of Texas at Austin's website. It will include administrative, education and research facilities, as well as a 515,000-square-foot parking garage. The new building serves as a way to educate medical providers and deliver quality health services.