Houston construction contracts Aug. 2012
HOUSTON – Contracts in the Houston metropolitan area for future residential construction grew 23.5 percent for August 2012 compared to August 2011, while nonresidential contracts grew 44.4 percent and total construction increased 30.4 percent, according to McGraw Hill Construction.
Year to date, more than $7.02 billion in total contracts have been awarded, up 15.8 percent from $6.06 billion awarded year to date as of August 2011.
Residential contracts totaled $4.65 billion from January 2012 through August 2012, up 32.4 percent from $3.52 billion from January 2011 through August 2011.
Nonresidential contracts totaled $2.37 billion for the same period, down 7 percent from $2.55 billion from January 2011 to July 2011.
Residential includes single-family homes, duplexes and apartments.
| August 2012 | August 2011 | Change | |
| Nonresidential | $370,771,000 | $256,835,000 | 44.4 |
| Residential | $647,182,000 | $523,900,000 | 23.5 |
| Total building | $1,017,953,000 | $780,735,000 | 30.4 |
Source: McGraw-Hill Construction
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