Texas tops the U.S. for real estate development spending and jobs
Thursday, August 01, 2019
For the second year in a row, Texas topped the nation in real estate development activity in 2018.
With almost $26 billion in direct spending on real estate projects, the Texas building sector contributed more than $62 billion to the state's economy last year, according to a report from the NAIOP, the Commercial Real Estate Development Association.
The development sector supported more than 400,000 jobs in the state last year, the industry trade group said in its annual economic impact report.