Metro Atlanta construction caps off 2016 with spectacular growth

by Peter Thomas Ricci

construction-site-workers-cement

The Metro Atlanta new construction market concluded 2016 in spectacular fashion, according to research from Dodge Data & Analytics.

In December, Metro Atlanta saw more than $465 million in total residential construction spending, which is a 51 percent increase from Nov. 2015. Moreover, year-to-date construction spending, which tracked the metro area’s activity for all of 2016, was $7.557 billion, a 23 percent jump that was the best YTD growth of any large metro area.

See our chart below for more details on 2016’s new construction activity:

Metro Area Residential Construction Spending – Dec. 2016 (in millions) YOY Change YTD 2016 Construction Spending (in millions) YOY Change
Atlanta $465 51% $7,557 23%
Boston $429 81% $5,776 33%
Chicago $452 34% $7,230 46%
Dallas $771 -17% $12,348 6%
Houston $564 -12% $8,925 -13%
Los Angeles $836 112% $9,140 27%
Miami $618 -7% $7,129 7%
New York $1,747 -42% $18,813 -25%
San Francisco $259 80% $4,413 30%
Seattle $281 -26% $5,134 -6%
Washington, D.C. $617 -8% $7,266 10%