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Atlanta New Construction Up Double Digits in 2015

by Peter Thomas Ricci

Building in the ATL Making Significant Progress

construction-spending-census-bureau-october-2014-residential-single-family-multifamily

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:

Residental-Construction-Spending-June2015-02

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:

Residental-Construction-Spending-June2015-02

Yearly stats, however, can be volatile, and an area’s year-to-date progress is a better indicator of the market’s actual health:

Residental-Construction-Spending-June2015-02

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.

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