The Chicagoland new construction market is putting up some of the most impressive numbers in the nation in 2016 performance, according to research from Dodge Data & Analytics.
In August, Chicagoland saw more than $1.216 billion in total residential construction spending, a whopping 140 percent increase over Aug. 2015. Chicagoland’s year-to-date construction spending now totals $5.477 billion, a 79 percent increase over the same time period last year that is far and away the best YTD growth of any large metro area.
See our chart below for more details on August’s new construction activity:
| Metro Area | Residential Construction Spending – Aug. 2016 (in millions) | YOY Change | YTD 2016 Construction Spending (in millions) | YOY Change |
|---|---|---|---|---|
| Atlanta | $464.21 | -15% | $5,071.61 | 12% |
| Boston | $286.97 | -52% | $3,065.81 | -3% |
| Chicago | $1,216.80 | 140% | $5,477.44 | 79% |
| Dallas | $1,043.05 | 10% | $8,068.84 | 7% |
| Houston | $726.89 | -14% | $6,043.01 | -16% |
| Los Angeles | $1,431.23 | 49% | $6,151.25 | 15% |
| Miami | $570.96 | -20% | $4,718.74 | -4% |
| New York | $1,372.10 | -6% | $13,197.13 | -27% |
| San Francisco | $652.44 | 140% | $3,016.22 | 29% |
| Seattle | $380.08 | -33% | $3,173.32 | -13% |
| Washington, D.C. | $555.63 | 29% | $3,995.37 | -9% |