Report: Apartment/commercial construction retreats in U.S., holds steady in Houston

Houston bucked the national trend for new commercial and multifamily construction projects in 2017, a report showed.

The value of commercial and apartment construction projects started in the Houston area in 2017 held steady at $3.9 billion after experiencing a big drop in 2016, Dodge Data & Analytics reported.

Seven of the top 12 markets showed declines, including the biggest markets of New York, Los Angeles, Dallas and Washington, D.C. The San Francisco, Atlanta and Philadelphia areas experienced double-digit gains in the value of construction starts, while Seattle was unchanged along with Houston.

 Dodge Data & Analytics tracked office buildings, stores, hotels, warehouses, commercial garages and multifamily housing in the report.
 
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