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Chicagoland new construction continues stellar 2016

by Peter Thomas Ricci

new-construction-home-dodge-data-analytics-spending-april

The Chicagoland new construction market continued its sterling 2016 performance in April, according to new numbers from Dodge Data & Analytics.

In April, Chicagoland saw more than $407 million in total residential construction spending, a 25 percent increase over April 2015. Chicagoland’s year-to-date construction spending now totals $1.552 billion, a 33 percent increase over the same time period last year.

Although Chicagoland’s construction volume remains relatively low compared with other metro areas, its 2016 gains are among the best in the country, as our chart below demonstrates:

Metro Area Residential Construction Spending – April 2016 (in Millions) YOY Change YTD 2016 Construction Spending (in Millions) YOY Change
Atlanta $423.33 -25% $2,250.80 7%
Boston $417.20 71% $1,901.90 44%
Chicago $407.32 25% $1,551.69 33%
Dallas $985.70 -19% $3,700.71 0%
Houston $701.68 -24% $2,849.64 -24%
Los Angeles $422.66 -33% $1,956.51 3%
Miami $321.41 -35% $2,279.03 14%
New York $1,463.97 -51% $7,064.88 -11%
San Francisco $555.26 83% $1,699.55 87%
Seattle $303.25 -41% $1,526.91 -13%

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