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Houston construction starts continue to hold steady

by Rincey Abraham

Construction-crane-homebuilding-builders

Construction starts for the Houston-Baytown-Sugar Land MSA grew slightly in 2017 compared to 2016’s spending, according to a new report from Dodge Data and Analytics.

Total construction starts grew 2 percent in August 2017 to $1.3 billion compared to $1.2 billion in 2016. The bulk of that growth came from the nonresidential sector, which saw a 7 percent growth from $526 million in August 2016 to $561.8 million in August 2017. Residential starts in August dropped 1 percent from $708.9 million in August 2016 to $698.4 million in August 2017.

Nonresidential construction is up year-to-date to nearly $6 billion in 2017, a 17 percent increase from $5.1 billion at this time last year. Residential starts stayed steady compared to last year, but overall construction is up 8 percent, from $11.3 billion year-to-date last year to $12.2 billion this year.

  Aug 2017 Aug 2016 % Change
Nonresidential $561,847,000 $525,925,000 7%
Residential $698,386,000 $708,888,000 -1%
Total Building $1,260,233,000 $1,234,813,000 2%

 

  YTD 2017 YTD 2016 % Change
Nonresidential $5,977,904,000 $5,105,752,000 17%
Residential $6,230,110,000 $6,228,296,000 0%
Total Building $12,208,014,000 $11,334,048,000 8%

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