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Boston New Construction is Soaring in 2015

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2015 has been a great year for new construction in Boston

new-construction-residential-spending-october-2015-dodge-data-analytics-housing-recovery

Residential construction spending in the Boston housing market totaled $362 million in October, a 10 percent decline from Oct. 2014, according to new numbers from Dodge Data & Analytics.

Despite that drop, 2015 has been a very positive year for Boston’s new construction market – its year-to-date construction spending is $3.716 billion for the year, a 31 percent increase over the same time period in 2014.

Our infographic below shows how Boston’s construction market compares with other major metro areas:

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