New Construction in Houston Stampedes Through February

by Peter Thomas Ricci

What was the deal with our local new construction marketplace last month?


February proved a storming month for residential new construction in the Houston area, according to new numbers from Dodge Data & Analytics.

For the month, residential construction in Houston totaled $1.017 billion, a 34 percent increase from January; thus far in 2015, Houston residential spending totals $1.730 billion, which is up 26 percent from the same time period in 2014.

Although February is only the second month of the year, those numbers come amidst a national slowdown in construction activity, suggesting that though trouble may be gathering on the horizon, Houston’s present market has plenty of gas left in the tank.

Take a look at our graph below for a deeper look at how our local construction market contrasts with the rest of the nation:

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