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Greater Boston new construction continues sensational growth

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census-bureau-home-construction-starts-permits-completions-june-2015

The Greater Boston new construction market continues to put up some of the most impressive numbers in the nation, according to research from Dodge Data & Analytics.

In November, Greater Boston saw more than $1.27 billion in total residential construction spending, which is an astounding 280 percent increase from Nov. 2015. Year-to-date construction spending was also very strong – at $6.756 billion, Greater Boston’s market is up 29 percent over the same time period last year.

See our chart below for more details on November’s new construction activity:

Metro Area Residential Construction Spending – Nov. 2016 (in millions) YOY Change YTD 2016 Construction Spending (in millions) YOY Change
Atlanta $402 -12% $7,021 20%
Boston $1,270 280% $5,285 29%
Chicago $450 5% $6,756 46%
Dallas $682 -20% $11,405 7%
Houston $601 -4% $8,310 -13%
Los Angeles $448 10% $8,193 21%
Miami $351 -22% $6,488 8%
New York $1,162 -22% $17,005 -23%
San Francisco $194 20% $4,142 27%
Seattle $230 -22% $4,763 -7%

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