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Houston residential construction is faltering in 2016

by Peter Thomas Ricci

residential-construction-spending-dodge-data-analytics-february

This year is shaping up to be a lackluster one for residential construction in Houston, according to the latest numbers from Dodge Data & Analytics.

In February, residential construction spending in Houston totaled $751 million. Though still among the highest in the nation, that is a 35 percent decrease from Feb. 2015; furthermore, year-to-date spending now totals $1.396 billion, which is a 26 percent decrease over the same time period in 2015.

Here is a chart breaking down Dodge Data’s numbers in more detail:

Metro Area Residential Construction Spending, Feb. 2016 (in millions) YOY Change YTD 2016 Construction Spending YTD Change
Atlanta $648 61% $1,143 43%
Chicago $195 13% $606 94%
Boston $385 -21% $870 17%
Dallas $920 22% $1,682 6%
Houston $751 -35% $1,396 -26%
Los Angeles $435 -23% $739 -10%
Miami $588 13% $1,085 18%
New York $1,468 -23% $3,476 14%

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