Houston construction contracts Feb. 2014Houston construction contracts Feb. 2014https://www.recenter.tamu.edu/news/newstalk-texas/?Item=45502014-03-27T23:49:00Z2014-03-28T00:00:00Z

HOUSTON - McGraw-Hill reports that $12.0 billion in construction contracts were awarded in the metro area during the 12 months ending February 2014, an 8.1 percent increase from the $11.1 billion awarded during the 12 months ending February 2013.

Residential contracts totaled $7.6 billion, up 2.9 percent from $6.9 billion. Residential includes single and multifamily housing.

Nonresidential contracts totaled $4.4 billion, up 18.2 percent from $3.8 billion. Nonresidential includes commercial, manufacturing, educational, religious, administrative, recreational, hotel, dormitory and other buildings.

The substantial gain in nonresidential contracts was a result of a $1.2 billion propane dehydrogenation facility in Alvin reported earlier this year.

Metro Houston Construction Contracts*
  12 Months Ending  
  Feb. 2013 Feb. 2014 Change
Nonresidential $3,767,029,000 $4,451,754,000 18.2%
Residential $6,954,209,000 $7,585,113,000 2.9%
Total building $11,138,559,000 $12,036,867,000 8.1%

*Includes Austin, Brazoria, Chambers, Fort Bend, Galveston, Harris, Liberty, Montgomery, San Jacinto and Waller Counties
Source: McGraw Hill Construction

Read more at the Greater Houston Partnership.

Greater Houston Partnership
Houston-The Woodlands-Sugar Land
http://www.houston.org/pdf/research/quickview/economicindicators.pdfRead more at {Source}

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