Residential construction spending in the Boston area was up 117.7 percent year-over-year in July, and so far in 2015 is 42 percent ahead of where it was last year.
Those 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 July:
As with previous months, the overall construction activity in Boston remains very strong. It’s year-over-year growth, though, is even more encouraging:
Yearly stats can be volatile, and an area’s year-to-date progress is a better indicator of the market’s actual health:
Still, Boston’s YTD growth is very strong at 42 percent, and is further evidence of why Boston’s new construction market is the No. 2 market in the country.