Houston Matters

How Do Construction Numbers Measure Up for 2016, So Far?

In the first seven months of 2016, residential construction in Greater Houston was down nearly 16 percent compared to the same period last year, while non-residential construction was down 23 percent, according to figures from Dodge Data and Analytics, a New York-based construction data analysis firm. Building overall was down nearly 19 percent. Those numbers don’t surprise […]

Photo: Michael Hagerty, Houston Public MediaIn the first seven months of 2016, residential construction in Greater Houston was down nearly 16 percent compared to the same period last year, while non-residential construction was down 23 percent, according to figures from Dodge Data and Analytics, a New York-based construction data analysis firm. Building overall was down nearly 19 percent.

Those numbers don’t surprise too many people given the prolonged slump in oil prices. But how do they compare to what analysts forecasted for the year?

Houston Matters producer Michael Hagerty talked with Bill Gilmer from the Institute for Regional Forecasting at the University of Houston’s Bauer College of Business to see if the numbers so far have lived up to expectations.

MORE:
Houston Economy Still In Decline But Might Be Light At End Of Tunnel (News 88.7, Aug. 30, 2016)
Report: New Construction Down In Greater Houston (News 88.7, Aug. 30, 2016)Residential Construction Activity Falls in Houston Amid Oil Slump (Houston Business Journal, Aug. 29, 2016)

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