Houston residential construction spending continues to rise amidst overall decrease

by Claire Fountas


Home construction in Houston rose last April following a similar pattern in March, according to a new report from Dodge Data & Analytics. Despite an upward trend in residential building, however, overall construction decreased.

Residential construction spending saw an 8 percent increase last month, as builders spent $749.5 million on home starts in April 2017 compared with $694.6 million in April 2017, according to Dodge Data. A year-to-year report also shows a two percent increase for residential building overall.

On the other hand, commercial construction spending and total construction spending both fell. Nonresidential spending went from $500.3 million in April 2016 to $301.1 million in April 2017, while total construction spending went from $1,195 billion to $1,050.7 billion. According to Dodge’s year-to-year report, nonresidential spending decreased by 18 percent, while total building spending experienced an 8 percent drop.

2017 2016 Percent change
Nonresidential (April) $301,173,000 $500,378,000 -40
Residential (April) $749,597,000 $694,659,000 8
Total building $1,050,770,000 $1,195,037,000 -12
Nonresidential $2,223,103,000 $2,724,728,000 -18
Residential $2,981,855,000 $2,910,185,000 2
Total building $5,204,958,000 $5,634,913,000 -8

Read More Related to This Post

Join the conversation

Oops! We could not locate your form.