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Metro Atlanta new construction continues to grow in 2016

by Peter Thomas Ricci

new-construction-november-2015-census-bureau-permits-starts-multifamily

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%

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