Greater Houston Partnership: Building Permit Update

http://www.houston.org/pdf/research/narratives/COH_Building_Permits/COH_Building_Permits.pdf

City of Houston building permits totaled $440.6 million in September ’16, down 26.4 percent from $598.4 million in September ’15, according to the latest data released by the City’s Department of Public Works & Engineering Planning & Development Services.

Year-to-date, city building permits totaled $5.3 billion, down 12.8 percent from $6.1 billion over the same period in ’15.

For the 12 months ending September ’16, city building permits totaled $7.4 billion, down 5.3 percent from $7.9 billion in the 12 months ending September ’15.

Permits were down over-the-year across both residential and commercial sectors in September. The value of non-residential building permits fell 25.1 percent, from $435.5 million in September ’15 to $326.3 million in September ’16. Residential building permits declined 29.8 percent, from $163.0 million in September ’15 to $114.4 million in September ’16.

Within the residential sector, permits for single-family homes decreased 15.4 percent to $80.7 million in September ’16, while multi-family permits dropped 70.1 percent to $13.2 million.

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