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Metro Houston’s construction starts totaled $16.1 billion in the 12 months ending November ’19, down 21.1 percent from $20.4 billion for the comparable period in ’18, according to the latest data from Dodge Data & Analytics. Nonresidential activity fell 25.2 percent to $6.7 billion, while residential activity decreased 17.9 percent to $9.4 billion. The 12-month total peaked at $30.9 billion in February ’15, the height of the chemical plant construction boom. Year-to-date, construction starts were down 23.4 percent from $19.4 billion in November ’18 to $14.9 billion for the same period in ’19.
Construction starts were down in November ’19, decreasing 7.1 percent from $1.4 billion in November ’18 to $1.3 billion in November ’19. Nonresidential construction starts rose 42.2 percent, while residential fell 29.5 percent.
Construction activity in November ’19 included the groundbreaking of Saint Thomas’ Episcopal School in the Meyerland area. The project consists of 78,000 square feet of new academic buildings for $29 million. The school had been damaged during Hurricane Harvey, and construction had been delayed due to waiting for FEMA funding. Lone Star College also began construction on its newest campus: Houston North Fallbrook. The 55,000-square-foot construction project is estimated to cost $9 million.
Patrick Jankowski, CERP
Senior Vice President, Research
Construction starts in Houston totaled $1.3 billion in November '19