City of Houston construction continues to boomCity of Houston construction continues to boomhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=41362014-05-23T11:18:00Z2014-05-23T09:00:00Z

HOUSTON - Construction permitting in the City of Houston continued to set records in April 2014, according to the Greater Houston Partnership. The running 12-month total topped $6.8 billion, the highest value on record dating back to January 2002.

The $6.8 billion represents a 28.2 percent increase from $5.3 billion in permits issued over the same 12-month period in 2013.

•  Residential permit values rose from $1.9 billion to $2.5 billion, a 32.3 percent increase.

•  Nonresidential permits grew from $3.4 billion to $4.3 billion, a 25.8 percent increase.

The City of Houston issued building permits totaling $976.9 million in April, a 126.2 percent increase from the $431.9 million issued in April 2013 and the highest monthly permit activity on record.

•  Nonresidential permits rose 158.0 percent from April 2013, valued at $674.8 million in April 2014.

•  Residential permits increased 77.4 percent from April 2013, coming in at $302.1 million in April 2014.

•  Multifamily permits more than quadrupled from $34.9 million in April 2013 to $141.7 million in April 2014, accounting for the year-over-year growth in residential permits.

For more stats in a variety of sectors, see Houston Market Data Sources.

Greater Houston Partnership
Houston-The Woodlands-Sugar Land
http://www.houston.org/economy/index.htmlRead more at {Source}

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