Houston construction contracts year-end, Dec. 2012 | Houston construction contracts year-end, Dec. 2012 | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=8358 | 2013-02-05T09:37:00Z | 2013-02-04T00:00:00Z |
HOUSTON - More than $10.6 billion in construction contracts were awarded in the Houston metro area in 2012, up 19.2 percent from the $9 billion awarded in 2011, according to McGraw Hill Construction.
Residential contracts totaled $7 billion in 2012, up 31.5 percent from $5.3 billion in 2011. Commercial contracts totaled $3.7 billion in 2012, up 1.1 percent from $3.6 billion in 2011.
For December 2012, construction contracts for the Houston metro totaled $768.8 million, down 3.2 percent from $794.5 million in December 2011. Nonresidential construction slipped 21.3 percent, while contracts for residential construction increased 11.6 percent compared to December 2011.
Residential includes single-family homes, duplexes and apartments.
|
Dec. 2012 |
Dec. 2011 |
Change |
2012 Total |
2011 Total |
Change |
Nonresidential |
$281,909,000 |
$358,182,000 |
-21.3% |
$3,689,000,000 |
$3,647,348,000 |
1.1% |
Residential |
$486,876,000 |
$436,292,000 |
11.6% |
$7,001,348,000 |
$5,323,790,000 |
31.5% |
Total building |
$768,785,000 |
$794,474,000 |
-3.2% |
$10,690,348,000 |
$8,971,138,000 |
19.2% |
Values for 2012 are incomplete and will be revised over the coming months. McGraw-Hill has also revised residential construction for 2011 up by $242.4 million and commercial up by $292.5 million. As a result, there was $534.9 million more construction activity in 2011 than originally reported. The Greater Houston Partnership expects similar revisions for ’12 when the final data is released this time next year.
Source: McGraw-Hill Construction
| Greater Houston Partnership
| Houston-The Woodlands-Sugar Land
| Mixed-Use
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