The Houston new construction market continues to sag, according to research from Dodge Data & Analytics.
In November, Houston saw more than $601 million in total residential construction spending, and year-to-date, spending tops out at $8.310 billion. Those numbers are among the highest in the nation, but they represent declines from 2015. Year-over-year, construction is down 4 percent, and year-to-date, it is down 13 percent.
See our chart below for more details on November’s new construction activity:
| Metro Area | Residential Construction Spending – Nov. 2016 (in millions) | YOY Change | YTD 2016 Construction Spending (in millions) | YOY Change |
|---|---|---|---|---|
| Atlanta | $402 | -12% | $7,021 | 20% |
| Boston | $1,270 | 280% | $5,285 | 29% |
| Chicago | $450 | 5% | $6,756 | 46% |
| Dallas | $682 | -20% | $11,405 | 7% |
| Houston | $601 | -4% | $8,310 | -13% |
| Los Angeles | $448 | 10% | $8,193 | 21% |
| Miami | $351 | -22% | $6,488 | 8% |
| New York | $1,162 | -22% | $17,005 | -23% |
| San Francisco | $194 | 20% | $4,142 | 27% |
| Seattle | $230 | -22% | $4,763 | -7% |