The Houston new construction market continued its disappointing 2016 performance in April, according to new numbers from Dodge Data & Analytics.
In April, Houston saw more than $701 million in total residential construction spending, a 24 percent decline from April 2015; furthermore, Houston’s year-to-date construction spending now totals $2.845 billion, also a 24 percent decline over the same time period last year.
Although Houston’s declines are high compared with other metro areas, its 2016 volume remains among the best in the country, as our chart below demonstrates:
| Metro Area | Residential Construction Spending – April 2016 (in Millions) | YOY Change | YTD 2016 Construction Spending (in Millions) | YOY Change |
|---|---|---|---|---|
| Atlanta | $423.33 | -25% | $2,250.80 | 7% |
| Boston | $417.20 | 71% | $1,901.90 | 44% |
| Chicago | $407.32 | 25% | $1,551.69 | 33% |
| Dallas | $985.70 | -19% | $3,700.71 | 0% |
| Houston | $701.68 | -24% | $2,849.64 | -24% |
| Los Angeles | $422.66 | -33% | $1,956.51 | 3% |
| Miami | $321.41 | -35% | $2,279.03 | 14% |
| New York | $1,463.97 | -51% | $7,064.88 | -11% |
| San Francisco | $555.26 | 83% | $1,699.55 | 87% |
| Seattle | $303.25 | -41% | $1,526.91 | -13% |