Houston New Construction is Flat in 2015

by Peter Thomas Ricci

2015 has been a neutral year for new construction in Houston


Residential construction spending in the Houston housing market totaled $729 million in October, a 17 percent decline from Oct. 2014, according to new numbers from Dodge Data & Analytics.

It was the latest sign that 2015 will be a step sideways for Houston’s new construction marketplace. Although its YTD construction spending remains very high at $8.656 billion, that total is only 1 percent higher than in 2014.

Our infographic below shows how Houston’s construction market compares with other major metro areas:

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