Residential Construction in Chicago Stumbles in May

by Peter Thomas Ricci

Residential construction markets were a bit inconsistent in May, though the news was not all bad.

Residential construction in Chicago declined a bit in May, falling 9 percent year-over-year to $238 million, according to the latest numbers from McGraw Hill Construction.

Though a disappointing result, Chicago’s numbers were consistent with other metro areas, which also saw declining residential spending. Also, non-residential spending in Chicago increased quite substantially, rising a whopping 98 percent to exceed $888 million. With that increase, total construction in Chicago is up 18 percent year-to-date, though residential is down 4 percent.

How did Chicago compare with other metro areas, though? Check out our graphs below to find out:

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