Phoenix 11th among boom construction metros

 

Arizona Capitol TImes photo
Arizona Capitol TImes photo

By Erin Carlyl | Forbes

While the rest of the country struggled to recover from the recession, the economy in Texas has been on fire. Thanks to a boom in horizontal drilling and fracking, the state’s oil output has more than doubled over the past three years to 3.18 million barrels per day—a level not seen since 1976.

That’s sparked a surge in construction around the nation’s oil capital, Houston–residential, manufacturing, office, and even the occasional hotel–a development that makes it a poster child for the construction recovery happening around the country.

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