This year is shaping up to be a very positive one for residential construction in Metro Atlanta, according to the latest numbers from Dodge Data & Analytics.
In March, residential construction spending in Metro Atlanta totaled $549 million, a 25 percent decrease from March 2015. That number may seem bad, but monthly construction stats are notoriously erratic – far more encouraging was the ATL’s year-to-date spending, which now totals $1.767 billion, a 15 percent increase over the same time period in 2015.
See our chart below for more perspective on how Atlanta’s new construction spending compares with other large metro areas:
| Metro Area | Residential Construction Spending – March 2016 (In Millions) | YOY Change | YTD 2016 Construction Spending (in Millions) | YOY Change |
|---|---|---|---|---|
| Atlanta | $549 | -25% | $1,767 | 15% |
| Boston | $612 | 82% | $1,486 | 38% |
| Chicago | $548 | 4% | $1,157 | 38% |
| Dallas | $802 | -6% | $2,588 | 5% |
| Houston | $736 | -20% | $2,157 | -23% |
| Los Angeles | $643 | 39% | $1,398 | 9% |
| Miami | $881 | 50% | $1,975 | 31% |
| New York | $2,080 | 10% | $5,594 | 13% |
| Seattle | $347 | -30% | $1,109 | -10% |
| San Francisco | $468 | 117.8% | $1,162 | 92% |