The Houston new construction market continues to slow in 2016, according to research from Dodge Data & Analytics.
In August, Houston saw nearly $727 million in total residential construction spending – still a very high number, but down 14 percent from Aug. 2015. Similarly, the market’s strong year-to-date construction of $6.043 billion is down 16 percent from the same time period last year.
See our chart below for more details on August’s new construction activity:
| Metro Area | Residential Construction Spending – Aug. 2016 (in millions) | YOY Change | YTD 2016 Construction Spending (in millions) | YOY Change |
|---|---|---|---|---|
| Atlanta | $464.21 | -15% | $5,071.61 | 12% |
| Boston | $286.97 | -52% | $3,065.81 | -3% |
| Chicago | $1,216.80 | 140% | $5,477.44 | 79% |
| Dallas | $1,043.05 | 10% | $8,068.84 | 7% |
| Houston | $726.89 | -14% | $6,043.01 | -16% |
| Los Angeles | $1,431.23 | 49% | $6,151.25 | 15% |
| Miami | $570.96 | -20% | $4,718.74 | -4% |
| New York | $1,372.10 | -6% | $13,197.13 | -27% |
| San Francisco | $652.44 | 140% | $3,016.22 | 29% |
| Seattle | $380.08 | -33% | $3,173.32 | -13% |
| Washington, D.C. | $555.63 | 29% | $3,995.37 | -9% |