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|