This document discusses booming construction markets in the United States in 2018. It identifies five top cities - New York City, Reno, San Jose, Detroit, and Austin - and provides brief details about each city's strong construction industry. New York City is leading the way with $45 billion in planned development and many new jobs, especially in Brooklyn. Reno has become an attractive location for workers due to high housing demand from its growing population. San Jose benefits from being in Silicon Valley with conferences driving projects. Detroit is planning over $5 billion in construction over the next few years to revitalize the city. Austin has little vacant office space and two downtown areas experiencing construction booms.

1. BOOMING
CONSTRUCTION
MARKETS
in 2018
Joanna Picardi

2. Just like in real estate, location is vital to
the success of any construction project.
Before breaking ground on a new project,
you first need to understand the markets.
Throughout the United States, certain
cities offer higher growth potential in
investments and employment. Here are the
top booming cities for construction right
now.
LOCATION,
LOCATION,
LOCATION

3. NEW YORK CITY,
NEW YORK
Unsurprisingly, New York
is leading the way in
construction this year.
With a projected spending
amount of $45 billion in
development for this year
alone, the Big Apple
promises to continue
offering opportunities for
everyone in the
construction industry. It
doesn’t hurt that there
are plenty of new jobs,
especially in places like
Brooklyn, where the
average wage tops
$67,000.

4. RENO, NEVADA
As the number one in
construction employment,
Reno has put itself on the
map as an attractive
destination for
construction workers and
entrepreneurs alike. A
booming population has
created a massive demand
for housing, which means
this market won’t be
slowing down anytime
soon.

5. SAN JOSE,
CALIFORNIA
As the heart of Silicon Valley, San Jose hosts a lot of
conferences for startups and other businesses on the
rise. Its low unemployment rate and residential high
rises mean that a developer can create tons of jobs
with only one project.

6. DETROIT,
MICHIGAN
Over $5 billion in construction
is planned over the next few
years in Detroit. Permits are
on the rise, which means more
developers want to get in on
the action. Once known for
crime and poverty, the city is
being revitalized and
developed to attract new
businesses. The city has a
brighter future with more jobs
and prosperity than ever
before.

7. In 2017, the amount of vacant office space
in Austin hit a record low. Add to that the
fact that the city has two “downtowns”
with projects booming, and young office
workers flocking to the city every year,
and you get a recipe for construction
paradise.
AUSTIN,
TEXAS