August construction starts more than double in the Atlanta area

by Rincey Abraham

Construction-crane-homebuilding-builders

Atlanta new construction continues to boom, as August’s construction starts are up nearly 60 percent compared to this time last year, according to the latest Dodge Data & Analytics report.

Residential construction in the Atlanta-Sandy Springs-Marietta MSA is up 62 percent in August 2017 to $898.1 million compared to $553.8 million spent August 2016. Nonresidential construction starts reached $500 million, which is a 54 percent increase over $323.6 million in August 2016.

Total construction activity reached nearly $11 billion on a year-to-date basis, a 31 percent increase compared to this time last year. Residential starts make up $6.3 billion of that, up 19 percent from $5.3 billion spent year-to-date last year. Nonresidential starts total $4.5 billion year-to-date, which is up 52 percent compared to last year’s $3 billion spent.

Aug 2017 Aug 2016 % Change
Nonresidential $499,866,000 $323,640,000 54%
Residential $898,085,000 $553,860,000 62%
Total Building $1,397,951,000 $877,500,000 59%

 

YTD 2017 YTD 2016 % Change
Nonresidential $4,592,450,000 $3,013,496,000 52%
Residential $6,339,401,000 $5,317,958,000 19%
Total Building $10,931,851,000 $8,331,454,000 31%