Contracts in the Houston metropolitan area for future residential construction grew 23.5 percent for August 2012 compared to August 2011, while nonresidential contracts grew 44.4 percent and total construction increased 30.4 percent, according to McGraw Hill Construction.
Year to date, more than $7.02 billion in total contracts have been awarded, up 15.8 percent from $6.06 billion awarded year to date as of August 2011.
Residential contracts totaled $4.65 billion from January 2012 through August 2012, up 32.4 percent from $3.52 billion from January 2011 through August 2011.
Read more...Houston construction contracts August 2012 via Real Estate Center at Texas A&M University
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