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RGV building boom best in five yearsRGV building boom best in five yearshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=47692014-03-03T10:11:00Z2014-03-03T06:41:00Z

RIO GRANDE VALLEY - According to Rio Grande Valley Partnership, 2013 was the busiest for commercial and residential construction in the Valley in at least five years.

In 2013, Valley cities recorded $926.8 million in building permits, an approximate 5 percent jump over 2012’s construction. Harlingen and McAllen led the building boom with $134.9 million in commercial construction and $62.3 million in new home construction, respectively.

Harlingen, McAllen, Edinburg, Brownsville and Mission all broke the $100 million mark in permitted construction activity. Mission more than doubled from 2012 to 2013, and San Juan’s permits quadrupled in value.

Total Permit Values Commercial and Residential
RGV’s Ten Largest Cities*
City/Area 2013* 2012* $ Growth* % Growth*
Harlingen $150.3 $100.4 $49.9 49.7%
McAllen $150.3 $172.3 -$22.0 -14.6%
Edinburg $123.2 $100.4 $22.8 22.7%
Brownsville $120.9 $88.1 $32.8 37.2%
Mission $107.8 $47.8 $60.0 125.5%
Pharr $87.7 $121.3 -$33.6 -38.3%
San Juan $41.2 $10.3 $30.9 300%
Weslaco $26.0 $18.5 $7.5 40.5%
Mercedes $14.2 $4.5 $9.7 215.5%
San Benito $12.5 $7.2 $5.3 73.6%
RGV Cities $926.8 $875.9 $50.9 5.8%

*Ranked by 2013 permit value, all values in millions of dollars.

Source: Rio Grande Valley Partnership

Rio Grande Valley Partnership
McAllen-Edinburg-Mission
Mixed-Use
http://www.valleybusinessreport.com/recent-news/rgv-building-boom-best-in-five-years/Read more at {Source}

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