Construction and Aerospace Industries to Bolster Huntsville Economy into 2017
The Huntsville employment market is recovering, and job growth has eclipsed the pre-recession peak. However, there is still room for further growth, especially in the construction sector. A 21 percent increase in single-family permitting and 75 percent increase in multifamily permitting will translate to an in influx of construction jobs in the next year. Manufacturing is another area that is expected to grow in Huntsville. For example, HDT Expeditionary Systems is investing $4 million in Limestone County, adjacent to Huntsville, and will add 120 jobs to the metro. Aviation and aerospace manufacturers are additional drivers of economic growth. GE Aviation and Aerojet Rocketdyne, aerospace industry manufacturers with contracts in the defense sectors are also expanding their manufacturing presence in the region. The Huntsville housing market favors investors[…]
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