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Chicagoland construction caps off 2016 with nation-leading growth

by Peter Thomas Ricci

construction-site-workers-cement

The Chicagoland new construction market concluded 2016 in spectacular fashion, according to research from Dodge Data & Analytics.

In December, Chicagoland saw more than $452 million in total residential construction spending, which is a 34 percent increase from Nov. 2015. Moreover, year-to-date construction spending, which tracked the metro area’s activity for all of 2016, was $7.230 billion, a 46 percent jump that was the best YTD growth of any large metro area.

See our chart below for more details on 2016’s new construction activity:

Metro AreaResidential Construction Spending – Dec. 2016 (in millions)YOY ChangeYTD 2016 Construction Spending (in millions)YOY Change
Atlanta$46551%$7,55723%
Boston$42981%$5,77633%
Chicago$45234%$7,23046%
Dallas$771-17%$12,3486%
Houston$564-12%$8,925-13%
Los Angeles$836112%$9,14027%
Miami$618-7%$7,1297%
New York$1,747-42%$18,813-25%
San Francisco$25980%$4,41330%
Seattle$281-26%$5,134-6%
Washington, D.C.$617-8%$7,26610%

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