We’ve all heard about the rapid pace of growth in Austin and San Antonio. What about New Braunfels? Located between Austin and San Antonio, New Braunfels is the third fastest growing city—in the country! New homes are rising—and hundreds of millions have been allocated for infrastructure to keep up.
Housing Boom: Infrastructure Required
Apple expects employees to start using its new $1 billion Austin campus next year. Tesla’s got a facility going there too. Of course life can’t be all work and no play, hence the need for Moody Center Arena . With all this happening, of course Austin is also busy soliciting bids for a massive airport expansion. But, hey, everyone can’t live in Austin, right? Enter —New Braunfels. The growth spurt there shows no sign of stopping, with The New York Times reporting:
City officials have set aside at least $30 million for infrastructure initiatives, in addition to more than $600 million for water and wastewater projects undertaken by the local utility company. And more money will be needed in the near future, Mr. Brockman said.
In a visible sign of the boom, permits to build new homes exceeded 1,400 last year, a record for the city, said Jeff Jewell, the city’s director of economic and community development. More than 10,000 single-family homes were added over the past 11 years and property values have also skyrocketed, with the median home value jumping 73 percent over the past decade, to $272,000 from $157,000.
Sounds like there’s lots to build in New Braunfels—and every else, really, right? Across the country, constructors itching to build are coming to Colonial Surety for our surety line of credit and complimentary owner’s dashboard services. We make it easier—and more confidential than ever—to obtain, manage and monitor needed bid, performance and payment bonds. Leverage financial intel and go after new opportunities with The Partnership Account® behind you. Contractors who complete a short pre-qualifying app receive—at no cost—Dun & Bradstreet scores. Apply and Receive Free Scores HERE Now.
Once approved for The Partnership Account® with Colonial, you’ll be more ready then ever to compete and win as you:
- Use your private Owner’s Dashboard® for a personal window into your underwriting profile. Review the statistical analysis of your financial statements and free Dun and Bradstreet scores, profitability, and more.
- Access a powerful online surety management system to issue bid bonds, order performance, and payment bonds, update work in progress, check your current and aggregate limits, view open and closed bid and performance bonds, and more.
- Clearly see your bonding limits, and always have direct access to our underwriter if you need the excess capacity to bid on a job.
- Protect the confidentiality of your bids—after all, no one’s in the middle when you do it yourself, right?
Get Growing Today: The Partnership Account®
Through the Roof?
The Greater New Braunfels Chamber of Commerce president, Jonathan Packer says:
“We have gone through the roof on every metric. There are many reasons why people come here.” By day, new and old residents alike stop by Naegelin’s Bakery, the oldest bakery in all of Texas, for the trademark apple strudel. At night, the Greune Hall bandstand hops with performances and biergartens new and old draw people out to socialize. It’s no wonder so many people are finding New Braunfels a delicious place to live:
Newer residents to New Braunfels have been drawn to the region for its affordable cost of living and by larger employers who have settled there, including several distribution centers and technology companies. Over the past decade, the median salary has jumped to $90,000 from $65,000 in Comal County, which includes much of New Braunfels, one of the highest averages in the state.
Sounds like great conditions for builders, right? But no worries if you’re not New Braunfels bound. Action’s also popping up in the New York City suburbs, Philadelphia, and, well, everywhere! Let’s get you building anywhere in the country with The Partnership Account® from Colonial Surety Company. Then, you’ll take on lots more new projects with confidence. Get Moving with The Partnership Account®
Colonial Surety is built on reliability, affordability and dependability. Founded in 1930, we have proven long-term financial stability; we’re licensed in every single state in the U.S.; we are listed by the U.S. Treasury as an approved surety; and we’re rated “A” Excellent by A.M. Best – an accolade of which we are extremely proud. Let’s Partner!