Credit Market Thaw Signals It's Time For Houston Developers To Tackle New Troubles
Photo by Bisnow/Maddy McCarthy
Now that financing is more accessible and construction costs are comparatively stable, Houston developers are turning to all of the other obstacles preventing or slowing their construction projects.
A lack of skilled labor, tight credit markets, strained supply chains and difficulty with Houston’s energy provider have all thrown wrenches into plans since the pandemic, panelists at Bisnow’s Houston Construction Trends and Innovations event said.
But with more liquidity becoming available, they expect the limited number of construction projects underway now to grow next year, particularly in one unexpected asset class: office.
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*Powers Brown Architecture's Principal/Executive Vice President, Nazir Khalfe, RIBA,AIA, moderated the Bisnow’s Houston Construction Trends and Innovations panel.
