Future home construction spikes in Houston MSA Future home construction spikes in Houston MSA https://www.recenter.tamu.edu/news/newstalk-texas/?Item=65472013-08-21T14:43:00Z2013-08-21T00:00:00Z

HOUSTON-THE WOODLANDS-SUGAR LAND - In the Houston MSA, residential construction future contracts spiked 28 percent to $716.9 million in July 2013, up from $562 million in July 2012, according to McGraw Hill Construction.

On a cumulative basis, residential totals increased 22 percent to $4.8 billion year-to-date, up from $4 billion in the same 2012 period.

Future contracts for nonresidential construction, which includes commercial, manufacturing, educational, religious, administrative, recreational, hotel and dormitory reached $235.6 million in July 2013. That number is down about 15 percent from the $276.1 million in nonresidential future construction contracts recorded in July 2012.

The Houston MSA consists of Austin, Brazoria, Chambers, Fort Bend, Galveston, Harris, Liberty, Montgomery, San Jacinto and Waller counties.

Houston Business Journal
Houston-The Woodlands-Sugar Land
http://www.bizjournals.com/houston/blog/breaking-ground/2013/08/housing-demand-pushes-future-contracts.htmlRead more at {Source}

 Search NewsTalk Texas