Houston: Sept. 2014 construction permits set new record

HOUSTON – For the seventh consecutive month, the 12-month total for construction permitting in the City of Houston set another record in Sept. — topping $8.6 billion, a 51.3 percent increase from $5.7 billion in permits issued over the 12-months ending Sept. 2013, according to the Greater Houston Partnership.

Permitting activity in Sept. 2014 totaled $1.2 billion, the highest monthly total on record and a 161.9 percent increase from the $469.7 million in permits issued in Sept. 2013.

Residential permits increased 119.4 percent from $198.1 million in Sept. 2013 to $434.4 million in Sept. 2014. Multifamily permits nearly quadrupled year-over-year, from $77.4 million (13 buildings) in Sept. 2013 to $294.5 million (94 buildings) in Sept. 2014.

The City approved permits for hotel construction valued at $225.4 million in Sept. 2014, up from $950,000 in Sept. 2013.

Office building permits increased from $47.8 million in Sept. 2013 to $236.9 million in Sept. 2014.