When it comes to homebuilding, Houston is a top 40 market to watch in 2017, according to a joint report from PwC and the Urban Land Institute.
The city’s No. 39 ranking comes as little surprise, as Houston has seen strong residential construction spending this year – though, down from previous, record-breaking years. During the month of September, builders spent more than $671 million on new projects – which, while a 13 percent increase year over year, still represents some of the largest spending levels in the country. Year to date, spending was down 18 percent to $6.6 billion.
Check our table below to see how Houston compares:
| Rank | City | 5-Point Index Score |
|---|---|---|
| 1 | Raleigh/Durham | 4.31 |
| 2 | Charleston | 4.25 |
| 3 | Portland | 4.19 |
| 4 | Nashville | 4.06 |
| 5 | Orange County | 4.06 |
| 6 | Tampa/St. Petersburg | 4 |
| 7 | Washington, D.C. – District | 4 |
| 8 | Philadelphia | 4 |
| 9 | Dallas/Fort Worth | 3.95 |
| 10 | Los Angeles | 3.93 |
| 11 | Austin | 3.88 |
| 12 | Seattle | 3.88 |
| 13 | Charlotte | 3.86 |
| 14 | Boston | 3.84 |
| 15 | Oakland/East Bay | 3.83 |
| 16 | Washington, D. C. – Md. Suburbs | 3.83 |
| 17 | Denver | 3.81 |
| 18 | Orlando | 3.8 |
| 19 | Atlanta | 3.79 |
| 20 | Salt Lake City | 3.76 |
| 21 | Indianapolis | 3.72 |
| 22 | Washington, D.C. – Northern Va. | 3.72 |
| 23 | San Antonio | 3.72 |
| 24 | San Jose | 3.67 |
| 25 | Las Vegas | 3.66 |
| 26 | Phoenix | 3.62 |
| 27 | San Francisco | 3.62 |
| 28 | Chicago | 3.59 |
| 29 | San Diego | 3.55 |
| 30 | Northern New Jersey | 3.41 |
| 31 | Kasnas City, Mo. | 3.38 |
| 32 | Pittsburgh | 3.33 |
| 33 | Honolulu | 3.27 |
| 34 | Jacksonville | 3.26 |
| 35 | Minneapolis/St. Paul | 3.25 |
| 36 | New York – Manhattan | 3.23 |
| 37 | Inland Empire | 3.15 |
| 38 | Sacramento | 3.12 |
| 39 | Houston | 3.08 |
| 40 | Knoxville | 3 |