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The City of Houston issued $6.145 billion in building permits through the first nine months of ’23, down 5.7 percent from $6.519 billion over the comparable period in ’22. Adjusted for inflation, total permits are down 9.1 percent.
Through September, the city has issued permits for:
The above values are all in nominal dollars.
Contract awards (which reflect construction activity in the near future) are down significantly in the metro area. Dodge Data & Analytics reports contracts totaling $24.748 billion were awarded in the first nine months of ’23, a 23.5 percent decrease from $32.344 billion over the comparable period in ’22. If not for a significant increase in non-building (i.e., infrastructure) projects, awards would have fallen even further.
Construction employment began to decline mid-year, shedding 4,200 jobs since July. The sector remains 19,900 jobs below where it was prior to the pandemic.
Prepared by Greater Houston Partnership Research Division
Patrick Jankowski, CERP
Senior Vice President, Research
City of Houston building permits totaled $6.145 billion through Sept '23
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