Atlanta’s overall construction spending has been rising recently, according to a new report by Dodge Data & Analytics. Spending might have only increased modestly last month, but construction rates on a cumulative basis have made notable progress.
Nonresidential housing spending didn’t move up or down last April, according to Dodge. A three percent increase in home construction, however, sparked a two percent increase in overall spending from the previous year. Builders spent $1,020.2 billion on construction for both types of properties in April 2017 compared with $1,003.6 billion in April 2016.
Dodge’s year-to-year report shows a much more notable increase in spending all around. Nonresidential housing spending jumped 40 percent cumulatively, while residential housing spending increased by 9 percent. This pattern allowed for a total spending increase of 20 percent, according to Dodge.