Business

Building Contracts Up More than 30% from November 2011

Houston's construction sector continued to gain ground in November, according to the latest analysis by publisher McGraw-Hill.

Building contracts for the 10-county Houston metro area grew by nearly a third in the twelve months ending in November 2012. Residential construction accounted for the lion’s share of building activity, although commercial construction grew at a faster pace.

Patrick Jankowski is vice president of research for the Greater Houston Partnership.

“Construction’s always one of the very last sectors to recover from a recession, and that’s what we’re seeing right now. It’s not only recovering. It’s recovering real strongly, and that’s great for everybody.”

Jankowski says the activity reflects the construction of new chemical plants, refineries, and office buildings, as well as the sharp fall in housing inventory. The Partnership forecasts all this will drive the creation of more than 16,000 new construction jobs in the Houston area in 2013.

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Andrew Schneider

Andrew Schneider

Politics and Government Reporter

Andrew heads Houston Public Media’s coverage of national, state, and local elections. He also reports on major policy issues before the Texas delegations in the U.S. House and Senate, as well as the Texas governorship, the state legislature, and county and city governments. Before taking up his current post, Andrew...

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