Construction Industry in Austin
Posted 04-10-2012 at 12:46 PM by CptnRn
There have been several repeated questions about how is construction doing in Austin. So I'm providing links to those here for future reference.
Construction in Austin http://www.city-data.com/forum/austi...l#post23796377
Austin construction scene
Considering Moving to Austin
What is the job market like in the HVAC field in the Austin area?
Construction in Austin http://www.city-data.com/forum/austi...l#post23796377
Austin construction scene
Considering Moving to Austin
What is the job market like in the HVAC field in the Austin area?
Total Comments 10
Comments
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There is some good information here: Austin-Round Rock-San Marcos, TX - May 2011 OES Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates
Posted 04-10-2012 at 12:52 PM by CptnRn
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Posted 04-10-2012 at 01:04 PM by CptnRn
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http://www.city-data.com/forum/austi...l#post21480285
Architectural billings are flat but inquiries are up, which is promising. Architectural Record | Notebook
Posted 04-10-2012 at 01:09 PM by CptnRn
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2012-2013 Economic Forcast
http://www.city-data.com/forum/austi...c-forcast.html
His detailed presentation is now available here Angelou Economics - News [Presentations]Posted 04-10-2012 at 01:14 PM by CptnRn
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Spotted this in the paper today.
Austin job growth continues, despite dip in construction sector
The article suggests that the dip in construction jobs is an anomaly.Quote:Austin's slow but steady job growth continued in March against a backdrop of angst about the durability of the nation's modest recovery, according to the Texas Workforce Commission's monthly report released Friday. While the Austin area added 1,800 jobs overall and hit the expected 2.5 percent annual growth rate, March's job gains fell below February's level of 8,900 jobs.
One reason was a dip in construction jobs that baffled many economists and contractors. That sector lost 2,300 jobs — a 5.5 percent decline — from the previous month. The state survey said construction jobs in Central Texas have been flat for the past year
It certainly doesn't help matters that the Building Permit office has developed a huge back log of development permits. Development applications overwhelm Austin review staffers
Quote:Permits that are supposed take a week to secure now often take four weeks. City staffers say the development-review department has a month backlog of applications, with the Fire Department two months behind on related reviews.
Posted 04-21-2012 at 01:41 PM by CptnRn
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Things are looking up.
A longer article in the morning paper May 20, which I can't find on line, says that the Austin construction market added 2,100 jobs in April in the Logging, Mining and Construction sector, which is pretty much all Construction.Quote:Business, Personal Finance, Technology, Employment news for Austin and Central Texas | Statesman.com
Led by a rebound in the construction industry, Austin continued its steady job growth in April, helping the metro area’s unemployment rate drop to 5.5 percent, its lowest level in more than three years, according to the Texas Workforce Commission’s monthly report released today.
http://www.city-data.com/forum/austi...-5-5-does.html
After dry spell, area's real estate development pipeline is flowing againPosted 05-20-2012 at 07:55 AM by CptnRn
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Architectural inquiries and billings remain in the negative territory nationwide. The index for the South is slightly better then that for the Northeast this year, but only because the NE has slipped lower.
Architectural Record | Notebook
Quote:For immediate release:
Washington, D.C. – July 18, 2012 – The Architecture Billings Index (ABI) saw more poor conditions last month, indicating a drop in design activity at U.S. architecture firms, and suggesting upcoming weakness in spending on nonresidential construction projects. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lag time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the June ABI score was 45.9, nearly identical to the mark of 45.8 in May. This score reflects a decrease in demand for design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 54.4, up slightly from mark of 54.0 the previous month.
“The downturn in design activity that began in April and accelerated in May has continued into June, likely extending the weak market conditions we’ve seen in nonresidential building activity ,” said AIA Chief Economist, Kermit Baker, PhD, Hon. AIA. “While not all firms are experiencing negative conditions, a large share is still coping with a sluggish and erratic marketplace.”
Key June ABI highlights:
- Regional averages: Midwest (48.0), South (47.6), Northeast (46.4), West (44.3)
- Sector index breakdown: multi-family residential (49.0), commercial / industrial (46.9), institutional (46.0), mixed practice (45.9)
- Project inquiries index: 54.4
Posted 09-23-2012 at 03:51 PM by CptnRn
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Top 15 Architecture Firms in Austin, TX « Because When It Comes To Planning The Future, Being Well-Informed Is Always The Smartest Path…
Quote:- PageSoutherlandPage LLP
- GSC Architects
- SHW Group Inc.
- STG Design Inc.
- O’Connell Robertson
- Pfluger Associates Architects
- Sixth River Architects
- Nelson Partners Inc.
- Barnes Gromatsky Kosarek Architects Inc
- Kipp Flores Architects LLC
- Dick Clark Architecture Ltd.
- KAHickman & Designers
- Danze and Davis Architects Inc.
- McKinney York Architects
- PBS&J , an Atkins Co.
Posted 12-20-2012 at 12:35 PM by CptnRn
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Find the latest Architectural Billings Report by the AIA here The American Institute of Architects - Architecture Billings Index/Work-on-the-Boards Survey, Economics
Oct 2012 The American Institute of Architects - Business Conditions at Architecture Firms Continue to Improve , Practicing ArchitecturePosted 12-20-2012 at 12:52 PM by CptnRn
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Austin is booming.
Austin economist forecasts strong growth - Community Impact Newspaper
Austin economist forecasts strong growth
by Joe Olivieri
December 12, 2012
Austin should expect solid economic growth and a healthy economy in 2013 and 2014, according to one leading economist.
Angelos Angelou, principal executive officer for Angelou Economics, delivered his annual economic forecast Dec. 11.
Angelou forecast the Austin economy would add 29,000 jobs in 2013 and more than 30,000 in 2014. The strongest growth areas would be in business and professional services, leisure and hospitality, construction, education, and health services.
He predicted that the unemployment rate would drop to 5.2 percent, the lowest it has been since 2008.
He added that he expected Austin would add 130,000 people in two years, closing in on a population of 2 million people.
Angelou was bullish about local real estate markets for the next two years.
He said that Austin had only 3.8 months of inventory available and forecast a substantial shortage in single-family housing in the city. He also predicted increases in rents.
"If you don't have a house, buy a house. If you are looking to invest money, buy single-family houses," he said.
He predicted double-digit growth rates in real estate properties for the next three to four year.Posted 12-13-2013 at 02:49 PM by CptnRn
