Aztec Rental: The Backfill

Generally speaking, it’s not a good time to be in the construction business right now. Most people are well aware of the effect the economy has had on the building industry. People can’t afford to build or remodel their homes, and many large building companies have laid off workers or reduced hours as business has slowed to a crawl. In what may be a major understatement, the U.S. Bureau of Labor Statistics noted “the constructing industry has been strongly affected by the credit crisis.”

 

TEXAS

This state was ranked number one in 2009 building permit activity, according to Census Bureau figures. The Dallas area in particular seems to be experiencing a major growth in construction activity. The Dallas Morning News reported this week that arts-related construction alone has led to a building boom, with 87 arts-related groups in North Texas spending around $183 million on new construction and renovation.