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The COVID-19 pandemic is significantly impacting local construction activity. City of Houston building permits for the month of May, for May year-to-date, and for the 12-months ending May ’20 have fallen well below last year’s levels.
The drop in construction activity is reflected in local employment as well. According to the Texas Workforce Commission, the nine-county metro area lost 31,300 construction jobs in March and April. When Texas Governor Greg Abbott’s ordered a phased reopening of the economy starting May 1, builders began to rehire, adding back 8,100 construction jobs in May. However, employment remains 20,600 jobs below its December ’19 peak. Building activity and employment will remain weak until the COVID-19 pandemic subsides.
Projects of note that were permitted in May:
Prepared by Greater Houston Partnership Research Division
Berina Suljic Cologlu
Patrick Jankowski, CERP
Senior Vice President, Research
City of Houston building permits totaled $693.9 million in May ’20.