Houston construction starts saw a slight drop last month, according to recent data from Dodge Data & Analytics. These numbers show a slight diversion from a recent pattern of increased spending on building. The report considered all June 2017 construction starts in the area.
Residential spending decreased 27 percent year-over-year. Nonresidential starts, on the other hand, saw a notable jump — spending rose from $551.7 million $761.2 million, which was a 38-percent increase year-over-year. Still, total construction fell five percent from what it was at the same time last year, according to the report.
Year-to-date numbers for total construction rates, however, actually showed a slight increase from the beginning of Q1 2017. Total starts rose three percent, partially due to an 11-percent rise in nonresidential spending. Residential spending fell four percent, moving from $4.8 billion to $4.6 billion.
|Construction Type||June 2017||June 2016||Change|
|Year-to-date||YTD 2017||YTD 2016||Change|