Dallas-Fort Worth, TX
The Dallas-Fort Worth Metroplex is one of the fastest-growing urban areas in the country. Almost one in five residents moved here in the last ten years, filling in communities on the periphery.
Unlike cities on the West Coast, Dallas is relatively flat and has been able to accommodate these residents without changing zoning laws or costs rising too much. This has caused the urban area to grow into something roughly the size of New Jersey. Tying these communities together, however, requires upgrading existing highways and building access to these new developments.
The construction market in Dallas has proven to be steady and reliable and should keep the trend throughout the 2020s. We expect the market to peak next year before leveling off the year after, due to pandemic-related projects finally finishing up. Overall, however, the forecast for Dallas has not changed significantly since our last report.
* Other structures include religious buildings, amusement, government communications, and public recreation projects.
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