06202018Wed
Last updateTue, 19 Jun 2018 2pm

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Manufacturing & The Economy

Construction Starts in 2017 Decline 7%

Many of the leading U.S. metropolitan areas for commercial and multifamily construction starts showed reduced activity in 2017 compared to levels reported during 2016, according to Dodge Data & Analytics. Of the top ten markets ranked by the dollar amount of construction starts, seven registered declines, one was essentially unchanged, and just two showed greater activity in 2017. For the metropolitan areas ranked 11 through 20, the 2017 performance was more evenly balanced, with four reporting declines, one essentially unchanged, and five reporting gains. At the national level, the volume of commercial and multifamily construction starts was $194.7 billion, down 7% from 2016, although still 8% above the amount reported for 2015. 

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