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.
| 2017 | 2016 | Percent change | |
| Nonresidential (April) | $413,473,000 | $412,382,000 | 0 |
| Residential (April) | $606,728,000 | $591,271,000 | 3 |
| Total building | $1,020,201,000 | $1,003,653,000 | 2 |
| Year-to-date | |||
| Nonresidential | $2,164,332,000 | $1,545,959,000 | 40 |
| Residential | $2,971,680,000 | $2,734,677,000 | 9 |
| Total building | $5,136,012,000 | $4,280,636,000 | 20 |