Page 14 - BB_Aug_2017

Current

Trends

in the

Local

Market

Overall, San Antonio is maturing with commercial and residential growth feeding off each other.
Increased activity in the Permian basin could also signal a return of revenues from the energy industry
that sank with oil prices. San Antonio-New Braunfels metro home prices and sales boomed as well,
but it still remains affordable next to neighboring large markets. San Antonio is still seeing a strong
market for new houses fueled by population growth, but supply is down as newcomers continue to
flood the market for work in Alamo City’s relatively healthy job market.

Construction
Eagle Ford Jobs Continue to
Activity Rises Stumbles But Boost Market
Remains Healthy

Lonestar Resources US, Inc. Alamo City construction starts The MSA saw employment
recently struck a deal to buy decreased by about 70% increase by about 2.5% in May,
a 21,000 net acre oil lease in May when compared to with its jobs surpassing about
just south of San Antonio in last year, but has increased 1.04 million positions. Jobs have
the Eagle Ford from Sanchez when compared with the been largely responsible for
Energy Corp. The deal was total number of starts from the maturing the residential market
valued at about $50 million. beginning of this year. into one of the hottest in the US.

LOCAL ECONOMY

Continental AG is hiring Texas A&M University at The first quarter saw San Antonio is the 16th best city
about 100 people for San Antonio will add a new record numbers for office for job seekers in the United
new positions in its $46 million STEM education space construction. There States, according to Indeed.
manufacturing facility building to its campus. It are about 1.2 million square The ranking looked at job security,
as part of its $113 million is expected to open by feet of new office space in advancement, salaries, work-life
Seguin plant expansion. 2018. the pipeline for the area. balance, and the job market.

14 AUGUST 2017 | GREATER SAN ANTONIO BUILDERS ASSOCIATION