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Atlanta’s construction rates are on the rise

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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

 

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