New York City may be the nation’s largest metropolitan area in terms of population, but it can’t compete with Houston when it comes to residential construction activity.
The collective value of all private housing projects authorized in the Houston area last year was $4.17 billion, according to the U.S. Census Bureau. That’s easily the highest total posted by any of the nation’s 366 metros.
Dallas holds second place with $3.87 billion of new privately owned housing units being authorized in 2010, followed by New York with $3.05 billion. All figures encompass central cities and their suburbs.
Rounding out the top five in residential construction valuation are Los Angeles at $2.38 billion and Washington at $2.10 billion.
The latest numbers for all 366 metros can be found in the database below, reflecting the value of all private residential projects that went through the building-permit process last year. (Earlier editions of On Numbers this week looked at five-year and one-year construction trends.)
Use the tab to isolate the database to a single state, or hit the Search button to see every metro from top to bottom. Click any column header to re-sort the list. Click it a second time to reverse the direction.
The total value of all building permits issued in the 366 metros last year was $88.46 billion. Twenty metros topped $1 billion in residential construction valuation, and another 24 were between $500 million and $1 billion.
Original Article: Here
