Building in the ATL Making Significant Progress
Residential construction spending in the Atlanta area was up 30 percent year-over-year in June, and so far in 2015 is 39 percent ahead of where it was last year.
Those encouraging stats came courtesy of the latest Dodge Data & Analytics report, a monthly look at residential construction activity in the nation’s largest metro areas.
Atlanta Agent assembled a series of graphs on Dodge Data’s findings. Below is total residential construction spending in June:
Overall construction activity remains mid-range in Atlanta, with its annual rate of $551 million ahead of Chicago and Seattle, but behind Dallas, Houston and Miami.
Atlanta’s year-over-year growth is similar:
Yearly stats, however, can be volatile, and an area’s year-to-date progress is a better indicator of the market’s actual health:
At 39 percent, Atlanta’s year-to-date measurements are also among the nation’s best, and they strongly indicate that Atlanta is due for its best year of new construction activity since the downturn.