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Boston New Construction Posting Triple Digit Gains in 2015

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furman-center-new-construction-income-inequality-affluence-rich-rental-housing

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:

August-Construction-Spending

As with previous months, the overall construction activity in Boston remains very strong. It’s year-over-year growth, though, is even more encouraging:

August-Construction-Spending

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

August-Construction-Spending

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.

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