SANTA FE, N.M. — The construction industry is booming in New Mexico and economic development officials in the southeast corner of the state are expecting even more from the industry in 2020.
The Associated General Contractors of America reports the state was ranked No. 2 in the nation in October and November for construction job growth. Both months marked more than 11% year-over-year gains. The only other state with better numbers was Nevada at over 13%.
New Mexico moved up to 52,300 construction workers, adding 5,300 jobs since November 2018. That’s still short of the all-time high of 59,600 in June 2006, according to contractors association.
A dominant share of New Mexico’s increased construction is in Eddy and Lea counties, which are located in the middle of an oil boom that has taken hold across Permian Basin.