Permit me to run this ‘Bayou’! $6.2B seem high?Permit me to run this ‘Bayou’! $6.2B seem high?https://www.recenter.tamu.edu/news/newstalk-texas/?Item=48292014-02-25T10:20:00Z2014-02-25T10:00:00Z

HOUSTON - Houston’s building permits reached an all-time high in January with single-family homes, office towers, high-rise condos, apartment buildings all pitching in. Over the last 12 months $6.2 billion in construction was permitted, a record level in the city.

Residential permits in January were up 51 percent over January of 2013, according to a report by the Greater Houston Partnership.

Permits were issued in January to build a whopping 49 multifamily buildings in Houston.

Transwestern is preparing to pour a foundation in a few days on the 30-story BHP Billiton tower and Hines is starting work on a 1 million-sf tower on Main Street. And the skyline in Uptown, the Energy Corridor and The Woodlands is dotted with multiple construction cranes.

The Greater Houston Partnership on Monday released the following report:

“For the 12 months ending January 2014, the city issued building permits totaling $6.2 billion, surpassing the prerecession peak of $6 billion in October 2008. This was also a 25.5 percent increase over the $5.0 billion issued during the 12 months ending January 2013.

Residential permits increased 31.1 percent from $1.8 billion to $2.4 billion and nonresidential permits increased 22.2 percent from $3.1 billion to $3.9 billion."

Read this for yourself at Realtynewsreport.com. Don't take our word for it! See Greater Houston Partnership's Economic Indicators.

Realty News Report
Houston-The Woodlands-Sugar Land
Read more at {Source}

 Search NewsTalk Texas