This year is shaping up to be a very positive one for residential construction in Greater Boston, according to the latest numbers from Dodge Data & Analytics.
In March, residential construction spending in Greater Boston totaled $612 million, a whopping 82 percent increase from March 2015; even more encouraging was Beantown’s year-to-date spending, which now totals $1.486 billion, a 38 percent increase over the same time period in 2015.
As our chart below demonstrates, among large metro areas, Greater Boston’s new construction spending is seeing some of the biggest jumps in the country:
| Metro Area | Residential Construction Spending – March 2016 (In Millions) | YOY Change | YTD 2016 Construction Spending (in Millions) | YOY Change |
|---|---|---|---|---|
| Atlanta | $549 | -25% | $1,767 | 15% |
| Boston | $612 | 82% | $1,486 | 38% |
| Chicago | $548 | 4% | $1,157 | 38% |
| Dallas | $802 | -6% | $2,588 | 5% |
| Houston | $736 | -20% | $2,157 | -23% |
| Los Angeles | $643 | 39% | $1,398 | 9% |
| Miami | $881 | 50% | $1,975 | 31% |
| New York | $2,080 | 10% | $5,594 | 13% |
| Seattle | $347 | -30% | $1,109 | -10% |
| San Francisco | $468 | 117.8% | $1,162 | 92% |