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Houston New Construction Begins 2016 in Negative Territory

by Peter Thomas Ricci

residential-construction-january-dodge-data-analytics-2016

The residential construction community in Houston kicked off 2016 in a lackluster fashion, with overall spending falling from a year ago, according to the latest numbers from Dodge Data & Analytics.

Per Dodge Data’s analysis, residential construction spending in Houston totaled $690.94 million through January, a 7 percent decline from Jan. 2015’s construction activity.

Month-to-month stats in construction are notoriously erratic, but after 2015 – which saw Houston’s construction spending fall slightly from the year before – January’s numbers suggest that this year could be a reset for the Bayou City’s construction markets.

Here is a chart breaking down residential construction in the nation’s most populous areas:

Metro Area Residential Construction – Jan. 2016 (In Millions) YOY Growth
Atlanta $442.51 12%
Boston $487.82 90%
Chicago $391.72 180%
Houston $690.94 -7%
Los Angeles $338.45 33%
Miami $473.003 18%
New York $2,021.78 76%
San Francisco $385.85 243%
Seattle $385.94 11%

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