Boston new construction continues stellar 2016

by Peter Thomas Ricci

new-construction-home

The Greater Boston new construction market continued its sterling 2016 performance in April, according to new numbers from Dodge Data & Analytics.

In April, Greater Boston saw more than $417 million in total residential construction spending, a 71 percent increase over April 2015. Greater Boston’s year-to-date construction spending now totals $1.902 billion, a 44 percent increase over the same time period last year.

Although Greater Boston’s construction volume is lower than other metro areas, its 2016 gains are among the best in the country, as our chart below demonstrates:

Metro Area Residential Construction Spending – April 2016 (in Millions) YOY Change YTD 2016 Construction Spending (in Millions) YOY Change
Atlanta $423.33 -25% $2,250.80 7%
Boston $417.20 71% $1,901.90 44%
Chicago $407.32 25% $1,551.69 33%
Dallas $985.70 -19% $3,700.71 0%
Houston $701.68 -24% $2,849.64 -24%
Los Angeles $422.66 -33% $1,956.51 3%
Miami $321.41 -35% $2,279.03 14%
New York $1,463.97 -51% $7,064.88 -11%
San Francisco $555.26 83% $1,699.55 87%
Seattle $303.25 -41% $1,526.91 -13%

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