Chicagoland New Construction Soars in 2016

by Peter Thomas Ricci


The residential construction community in Chicagoland kicked off 2016 in a strong fashion, with overall spending rising considerably from a year ago, according to the latest numbers from Dodge Data & Analytics.

Per Dodge Data’s analysis, residential construction spending in Chicagoland totaled $391.72 million through January, a whopping 180 percent increase over Jan. 2015’s construction activity.

Month-to-month stats in construction are notoriously erratic – it’s certain that Chicagoland new construction will not finish the year up 180 percent – but such strong growth does suggest a strong 2016 market, especially after 2015’s 10 percent growth over the previous year.

Here is a chart breaking down residential construction in the nation’s most populous areas:

Metro Area Residential Construction – Jan. 2016 (In Millions) YOY Growth
Atlanta $442.51 12%
Boston $487.82 90%
Chicago $391.72 180%
Houston $690.94 -7%
Los Angeles $338.45 33%
Miami $473.003 18%
New York $2,021.78 76%
San Francisco $385.85 243%
Seattle $385.94 11%

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