Construction spending nationwide hit a four year high in October, spurred on by a torrent of public construction projects, like schools and public hospitals, many of which have been delayed during the recession, 1200 WOAI news reports.
In metro San Antonio, the boost in construction spending is ever better, according to Kirk Kistner, Vice President at Bartlett Cocke General Contractors.
"Things like the Eagle Ford shale are keeping our residential housing market very robust right now," he said. "There are a lot of people moving into this area.":
The Associated General Contractors of America says nationwide, a dip in residential and nonresidential construction activity has been offset by a boost in public construction spending. Kistner says while the metro area is seeing the same increase in public construction, we have yet to see a dip on the residential side.
"Spending is increasing at a lot of levels," he said. "There are going to be a lot of opportunities in this area for job creation, as well as additional lending for construction on the commercial side."
Kistner says one factor that is boosting the local overall construction spending market is the same thing that annoys you every day on the way to work--highway construction.
"A lot of that is coming from highway projects and drainage type projects as well as higher education, K-12 education, both federal government and municipality construction," he said.
Kistner says the construction boom locally is one of the major factors why the local unemployment rate hit its lowest level in five years in October. Construction propels many different employment sectors, from the hard-hat construction workers themselves to architects and designers, to financial managers, to painters, pipefitters, and people who sell and install furnishings.
Construction spending also boosts retail employment on numerous levels, from Home Depot style stores to furniture stores, to mainstream department stores like J.C. Penney where people buy house wares.