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Chicagoland New Construction is Soaring in 2015

by Peter Thomas Ricci

2015 has been a great year for new construction in Chicagoland

new-construction-residential-spending-october-2015-dodge-data-analytics-housing-recovery

Residential construction spending in the Chicagoland housing market totaled $735 million in October, a 36 percent increase from Oct. 2014, according to new numbers from Dodge Data & Analytics.

Additionally, Chicagoland’s year-to-date construction spending is $4.034 billion in 2015, a 32 percent increase over the same time period in 2014.

Our infographic below shows how Chicagoland’s construction market compares with other major metro areas:

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