HOUSTON (Houston Business Journal) – A strong local economy and corporate relocations helped boost residential construction in June.
McGraw Hill Construction reported that contracts for future residential construction in the Houston-Sugar Land-Baytown Metropolitan Statistical Area were up 5 percent in June. Contracts were valued at $640 million compared with $610 million last year.
Year-to-date totals for residential construction have increased to $4.1 million this year from $3.4 million last year.
Commercial contracts, meanwhile, didn’t make as strong a showing.
Contracts for future commercial construction fell to $246 million in June from $339 million a year ago, a 27 percent drop.