HOUSTON - The City of Houston issued $2.1 billion worth of residential building permits in the 12 months ending August 2013, 40.6 percent more than it had the same period in 2012, according to the Greater Houston Partnership.
In addition to permits, Houston’s building contracts for residential development were also on the rise this year.
Within the 12 months ending in August, there was an 11.9 percent increase in new residential building contracts to $7.3 billion in the Houston metropolitan statistical area. That number hit $6.5 billion during the comparable period in 2012, according to McGraw Hill Construction.
Within these figures, residential construction includes one- and two-family homes and apartments.
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