0
0
0

Houston New Construction on Pace for Lukewarm Year

by Peter Thomas Ricci

The latest analysis from Dodge Data provided an encouraging assessment of new construction in Houston

new-construction-november-2015-dodge-data-analytics

According to the latest numbers from Dodge Data & Analytics, residential construction spending in the Houston housing market totaled $647 million in November.

That total is 14 percent below where construction spending was in Nov. 2014, but year-over-year stats are often a misleading gauge on how a construction market is performing, as they vary considerably from month to month; year-to-date numbers, by contrast, are a much more accurate metric, although by that measure, Miami’s market is still lukewarm – thus far in 2015, Houston’s $9.367 billion in spending is up 1 percent over the same time period last year.

For a broader view on the nation’s new construction markets, take a look at our infographic below:

Read More Related to This Post

Join the conversation

Oops! We could not locate your form.