Construction activities in Edinburg for 2015 reach $139.5 million

Construction activities in Edinburg for 2015 reach $139.5 million

Construction and related building activities in Edinburg totaled more than $139.5 million in value in 2015, almost $20 million ahead of the figure reached in 2014 (120,522,212), the Edinburg Economic Development Corporation has announced. For the month of December 2015, all construction activities totaled more than $11.7 million, also ahead of the pace for the same month in 2014, which came in at almost $7.4 million. The value of construction of new homes during 2015 led all year-to-date categories, amounting to almost $48 million, compared with more than $35.7 million during 2014.

The top categories in Edinburg during 2015 were:

$47,969,918– Single-Family Residences New Construction;

$27,756,178 – Commercial New Construction;

$24,519,797 – Non-Taxable New/Alterations (government, religious, but not including the value of construction activities at The University of Texas Rio Grande Valley or its School of Medicine);

$18,761,863 – Commercial Alterations;

$14,314,122 – Multi-Family Residences New Construction; and

$6,237,533 – Residential Alterations.

*Not included in the 2015 figures are the $24,519,797 of Non-Taxable New/Alterations made to Government, Religious, and The University of Texas Rio Grande Valley or its School of Medicine

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