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Chicago’s new construction market firing on all cylinders

by James F. McClister

new construction spending residential houston miami chicago boston atlanta

Chicago’s new construction market ended 2016 on a high note. It started to 2017 still hitting that same note, apparently.

A new report from Dodge Data & Analytics shows that in January, residential construction spending in Chicago skyrocketed over 110 percent, amounting to a gain of more than $450 million and making it one of the most active markets in the country. That’s after a 34 percent year over year residential construction spending gain in December, which capped off a year in which, overall, spending had increased 46 percent.

See our table below to see how Chicago compares against the other markets we cover:

Metro area Jan. 2017 Jan. 2016 Percent change
Atlanta $536,391,000 $630,154,000 -15%
Boston $169,022,000 $495,061,000 -66%
Chicago $889,444,000 $415,450,000 114%
Houston $694,669,000 $675,751,000 3%
Miami $311,899,000 $490,688,000 -36%

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