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Multifamily & Commercial Construction Starts Up in 2019

U.S. commercial and multifamily construction starts for the 20 largest metro areas in 2019 rose 11% totaling $139.6 billion, according to Dodge Data & Analytics, a construction industry analytics and software firm. Nationwide commercial and multifamily construction starts were up 1% over 2018 to $227.5 billion. The New York metropolitan area remained the highest earner at $30.9 billion with a 5% jump over 2018.  However, this was a decline from 2017’s growth of 13%. The Washington D.C. and Los Angeles areas followed with gains of 18% to $11.4 billion and 17% to $$8.9 billion respectively. The commercial and multifamily total is comprised of office buildings, stores, hotels, warehouses, commercial garages and multifamily housing. See Dodge Data & Analytics

 

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