Boston New Construction Up Double Digits in 2015


Building in the Bay City Making Significant Progress


Residential construction spending in the Boston area was up 76 percent year-over-year in June, and so far in 2015 is 30 percent ahead of where it was last year.

Those encouraging stats came courtesy of the latest Dodge Data & Analytics report, a monthly look at residential construction activity in the nation’s largest metro areas.

Boston Agent assembled a series of graphs on Dodge Data’s findings. Below is total residential construction spending in June:


Overall construction activity remains relatively low in Boston, with its annual rate of $343 million far behind Atlanta, Dallas, Houston, Los Angeles and Miami.

Boston’s year-over-year growth, though, is among the best in the nation:


Yearly stats, however, can be volatile, and an area’s year-to-date progress is a better indicator of the market’s actual health:


At 30 percent, Boston’s year-to-date measurements are also among the nation’s best, and they strongly indicate that Boston is due for its best year of new construction activity since the downturn.

Read More Related to This Post

Join the conversation

Oops! We could not locate your form.