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Atlanta New Construction Posting Big Gains in 2015

by Peter Thomas Ricci

furman-center-new-construction-income-inequality-affluence-rich-rental-housing

Residential construction spending in the Atlanta area was up 60 percent year-over-year in July, and so far in 2015 is 45 percent ahead of where it was last year.

Those 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 July:

August-Construction-Spending

As with previous months, the overall construction activity in Atlanta remains very strong. It’s year-over-year growth, though, is even more encouraging:

August-Construction-Spending

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

August-Construction-Spending

At 45 percent, Atlanta’s YTD growth is, relatively, even stronger, and is a sign of just how strong the ATL’s construction markets currently are.

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