The Houston area’s new construction market continues to struggle this year, according to research from Dodge Data & Analytics.
In September, Houston saw more than $671 million in total residential construction spending, a 20 percent decline from Sept. 2015. Even more, the Bayou City’s year-to-date construction spending now totals $6.696 billion, an 18 percent decrease from the same time period last year. Houston’s total spending is still quite high, but it has been falling by double-digit amounts now for most of the year.
See our chart below for more details on September’s new construction activity:
| Metro Area | Residential Construction Spending – Sept. 2016 (in millions) | YOY Change | YTD 2016 Construction Spending (in millions) | YOY Change |
|---|---|---|---|---|
| Atlanta | $505 | 12% | $5,662 | 13% |
| Boston | $515 | 77% | $3,684 | 7% |
| Chicago | $446 | 13% | $5,948 | 72% |
| Dallas | $847 | -7% | $9,237 | 8% |
| Houston | $671 | -20% | $6,696 | -18% |
| Los Angeles | $528 | 20% | $6,736 | 16% |
| Miami | $267 | -14% | $4,986 | -4% |
| New York | $1,154 | 16% | $14,402 | -25% |
| San Francisco | $287 | 28% | $3,324 | 29% |
| Seattle | $570 | 25% | $3,836 | -6% |