Houston construction rates fell slightly in June, report says

by Claire Fountas

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
Nonresidential $761,203,000 $551,790,000 38%
Residential $768,701,000 $1,050,843,000 -27%
Total Building $1,529,904,000 $1,602,633,000 -5%
Year-to-date YTD 2017 YTD 2016 Change
Nonresidential $4,305,960,000 $3,882,792,000 11%
Residential $4,613,398,000 $4,818,589,000 -4%
Total Building $8,919,358,000 $8,701,381,000 3%
Source: Dodge Data & Analytics

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