Houston construction contracts Feb. 2014
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.
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