Construction Continues as Market Shows Signs of a Slowdown
Author: Mike Otillio & Kari Beets
Date Published: 08/02/2016
Cranes are flying over the Dallas-Fort Worth area, as more square feet of office space is under construction than any time since Q2 1999, when the dot-com boom was just beginning. Job growth continues to climb, supporting the demand for new office space. Dallas-Fort Worth has added 39,800 jobs so far in 2016, with most gains coming in financial activities and education and health services. In response to the influx of new jobs, Dallas-Fort Worth is now the top U.S. metro in terms of annual new-home starts, overtaking Houston which continues to struggle as oil prices remain low.