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


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:

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