2018 Multifamily Construction Starts
- Jul 11, 2018
2017 top 10 metro areas for multifamily housing construction starts; $ in billions
Data by Robert Murray, chief economist, Dodge Data & Analytics
The top ten metropolitan areas for multifamily housing construction starts mainly decreased in 2017, with only two markets displaying increased activity compared to 2016. The Atlanta-Sandy Springs-Marietta, Ga., metro led the way, posting the largest increase of 26 percent, from $2.3 million to $2.9 million. San Francisco-Oakland-Fremont, Calif., followed with a 3 percent growth, from $2.9 million to $3 million year-over-year.
Multifamily housing construction starts dropped by 51 percent or by roughly $2.8 million in the Miami-Fort Lauderdale-Miami Beach, Fla., metro area, from $5.5 million to $2.7 million. The Boston-Cambridge-Quincy, Mass.-N.H. metro also recorded declines, with construction starts falling by 30 percent, from $4.1 million in 2016 to $2.9 million in 2017. The Dallas-Fort Worth-Arlington, Texas, metro recorded a decline of 27 percent, followed by Chicago-Naperville-Joliet, Ill.-Ind.-Wis. (down by 24 percent).
—Posted on July 11, 2018