houston building permits outlook 2015

For the latest data, click here. April 24, 2015 City of Houston construction permits totaled $8.9 billion for the 12 months ending March ’15, up 40.3 percent from $6.3 billion for the 12 months ending March ’14. According to the latest data released by the city’s Department of Public Works & Engineering Planning & Development Services, residential permit values rose 32.4 percent from $2.4 billion to $3.2 billion, and nonresidential permits grew 45.2 percent from $3.9 billion to $5.7 billion. City of Houston permitting activity totaled $626.7 million in March ’15, a 0.5 percent decrease from $630.1 million in March ’14. Growth in commercial permits offset the drop in residential permits. Permits for non-residential buildings rose 13.6 percent from $422.6 million in March ’14 to $480.0 million in March ’15. During this period, permits for retail construction grew from $1.6 million to $30.9 million and permits for school construction increased from $178,000 to $31.7 million. Meanwhile, permits for office construction slipped from $133.6 million to $19.7 million. Residential permits decreased 29.3 percent from $207.6 million in March ’14 to $146.7 million in March ’15. Multi-family permits drove the decline with an over-the-year drop from $81.5 million to $20.1 million. Single-family permits recorded a slight decrease from $106.5 million to $102.5 million. 0 1 2 3 4 5 6 7 8 9 10 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 $ Billions Source: City of Houston CITY OF HOUSTON BUILDING PERMIT VALUE 12-Month Total Residential Nonresidential Total

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Page 1: Houston building permits outlook 2015

For the latest data, click here.

April 24, 2015

City of Houston construction permits totaled $8.9 billion for the 12 months ending March ’15, up 40.3 percent from $6.3 billion for the 12 months ending March ’14. According to the latest data released by the city’s Department of Public Works & Engineering Planning & Development Services, residential permit values rose 32.4 percent from $2.4 billion to $3.2 billion, and nonresidential permits grew 45.2 percent from $3.9 billion to $5.7 billion.

City of Houston permitting activity totaled $626.7 million in March ’15, a 0.5 percent decrease from $630.1 million in March ’14. Growth in commercial permits offset the drop in residential permits.

Permits for non-residential buildings rose 13.6 percent from $422.6 million in March ’14 to $480.0 million in March ’15. During this period, permits for retail construction grew from $1.6 million to $30.9 million and permits for school construction increased from $178,000 to $31.7 million. Meanwhile, permits for office construction slipped from $133.6 million to $19.7 million.

Residential permits decreased 29.3 percent from $207.6 million in March ’14 to $146.7 million in March ’15. Multi-family permits drove the decline with an over-the-year drop from $81.5 million to $20.1 million. Single-family permits recorded a slight decrease from $106.5 million to $102.5 million.