Chicago construction rates increased in June, report says

by Claire Fountas


Despite falling considerably in May, construction rates in Chicago rose last month, according to recent data from Dodge Data & Analytics. The report considered all June 2017 construction starts in the area.

Much of this year-over-year rise in total building is due to a notable jump in nonresidential spending, which increased by 78 percent. This allowed overall spending to move from $1.2 billion in June 2016 to $1.6 billion in June 2017 — a 30 percent increase from last year. Though residential spending fell 27 percent, Chicago still saw a notable year-over-year rise in construction rates overall.

Year-to-date numbers, however, haven’t followed this pattern. Nonresidential spending, residential spending and total building spending all fell 4 percent from their individual rates at the beginning of 2016. This decline in year-to-date numbers wasn’t as steep it was last month, though. By May 2017, YTD total building had dropped 19 percent, while nonresidential spending alone had fallen 43 percent.

Construction Type June 2017 June 2016 Change
Nonresidential $1,236,925,000 $694,423,000 78%
Residential $418,731,000 $575,113,000 -27%
Total Building $1,655,656,000 $1,269,536,000 30%
Year-to-date YTD 2017 YTD 2016 Change
Nonresidential $2,824,538,000 $2,928,982,000 -4%
Residential $3,217,592,000 $3,359,453,000 -4%
Total Building $6,042,130,000 $6,288,435,000 -4%
Source: Dodge Data & Analytics

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