Atlanta’s new construction market trips in January

by Chip Bell

new construction spending residential houston miami chicago boston atlanta

Atlanta’s new construction market slipped in January, as spending dropped double digits from a year prior, according to research from Dodge Data & Analytics.

But the dip isn’t so bad.

Yes, residential construction spending from Jan. 2016 to Jan. 2017 fell 15 percent, or about $100 million. However, in Dec. 2016, spending was up 51 percent from Dec. 2015, and for the whole of 2016, it was up by 23 percent. So January’s slip was likely more a quick readjustment than it was anything else.

Check out our table below to see how Atlanta compares against the other markets we cover:

Metro area Jan. 2017 Jan. 2016 Percent change
Atlanta $536,391,000 $630,154,000 -15%
Boston $169,022,000 $495,061,000 -66%
Chicago $889,444,000 $415,450,000 114%
Houston $694,669,000 $675,751,000 3%
Miami $311,899,000 $490,688,000 -36%

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