Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOUSTON-Though the metro region is seeing its fair share of cranes and construction, a recent report prepared by McGraw Hill Construction and released by Greater Houston Partnership points out that in April 2013, approximately $971.2 million contracts were awarded throughout the 10-county region. This compares to the $1.1 billion awarded in April, 2012.

Residential contracts were up 15.7%, while commercial contracts decreased by 47.3% in April 2013, compared to the same month last year. According to the report, the sharp year-over-year decline in commercial contracts can be attributed to a record high of $508.1 million contracts awarded in April 2012, the highest month of commercial contracts in over three years.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.