{"id":8767,"date":"2023-10-17T11:59:27","date_gmt":"2023-10-17T18:59:27","guid":{"rendered":"https:\/\/insights.cumming-group.com\/?page_id=8767"},"modified":"2024-02-20T13:44:40","modified_gmt":"2024-02-20T21:44:40","slug":"south-central-construction-market","status":"publish","type":"page","link":"https:\/\/insights.cumming-group.com\/south-central-construction-market\/","title":{"rendered":"South Central"},"content":{"rendered":"

South Central<\/h2>\n<\/div>
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The South Central region has benefitted immensely from trends in where Americans live and work. <\/span><\/h2>\n

Spending here is dominated by Texas, which is home to the region\u2019s largest cities. Cities like Houston, Dallas, and Austin are all emerging as science and technology hubs to rival Silicon Valley, with spillovers in the biotech and pharmaceutical industries. The region has seen impressive growth over the last few years \u2013 in cities like Nashville, Austin, or Houston, it is not uncommon for almost one in five residents to have moved in since 2010. The region has a favorable climate and enough land to accommodate new residents without increasing costs too much, and we see no reason why this growth can\u2019t continue. <\/p>\n

The Texas Triangle \u2013 the area bounded by Dallas, Houston, and San Antonio \u2013 has emerged as one of the country\u2019s largest and most active regions. This was true in our last report and we expect it to be true for years to come. The Samsung Austin Semiconductor project is expected to bring in almost 20,000 jobs across the Austin area and is expected to cost $17 billion over the next 5 years. The key challenge over the coming decade will be keeping these new residents and tying these disparate communities together. The state budget has already increased spending by 10%, with most of it going to new education and healthcare projects. Cities like Dallas, which don\u2019t have mountains or beaches, have invested in fine dining and upscale shopping, hoping to offer residents an outlet for their disposable income.<\/p>\n<\/div>

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