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METRO AREA CONSTRUCTION

Dodge Data & Analytics reports that $39.2 billion in construction contracts were awarded in the Houston area through the first eleven months of this year. That’s up more than 30 percent from the $30.0 billion awarded over the comparable period in ’23. Awards in ’24 are on pace to reach an all-time high with strong growth in residential and non-residential projects. Non-building awards (i.e., streets, highways, utilities, etc.) increased moderately.

Contract awards increased for all major sectors outside of manufacturing and multi-family housing, which are winding down from building booms in previous years. Awards for single-family homes, commercial buildings (i.e. stores, offices, warehouses, etc.), and other non-residential buildings (i.e. schools, hospitals, recreational buildings, etc.) all grew by 31 percent or more.

Harris, Fort Bend, and Montgomery Counties accounted for 84 percent of all new construction activity in the region. The remaining seven countries accounted for the other 16 percent.

Prepared by The Greater Houston Partnership Research Division 

Patrick Jankowski
Chief Economist & Senior Vice President of Research
Greater Houston Partnership
pjankowski@houston.org

Colin Baker
Manager of Economic Research
Greater Houston Partnership
bakerc@houston.org