The Chicagoland new construction market continues to put up some of the most impressive numbers in the nation, according to research from Dodge Data & Analytics.
In November, Chicagoland saw more than $450 million in total residential construction spending, which is a 5 percent increase from Nov. 2015. Year-to-date construction spending, though, is a much better indicator of the market’s overall health, and at $6.756 billion, Chicagoland’s market is up 46 percent over the same time period last year, which is the best YTD growth of any large metro area.
See our chart below for more details on November’s new construction activity:
| Metro Area | Residential Construction Spending – Nov. 2016 (in millions) | YOY Change | YTD 2016 Construction Spending (in millions) | YOY Change |
|---|---|---|---|---|
| Atlanta | $402 | -12% | $7,021 | 20% |
| Boston | $1,270 | 280% | $5,285 | 29% |
| Chicago | $450 | 5% | $6,756 | 46% |
| Dallas | $682 | -20% | $11,405 | 7% |
| Houston | $601 | -4% | $8,310 | -13% |
| Los Angeles | $448 | 10% | $8,193 | 21% |
| Miami | $351 | -22% | $6,488 | 8% |
| New York | $1,162 | -22% | $17,005 | -23% |
| San Francisco | $194 | 20% | $4,142 | 27% |
| Seattle | $230 | -22% | $4,763 | -7% |