Welcome to the Largest Free Online Plan Room in the Southeast!

LDI Construction Talk Blog

US Metro Areas with the Most New Construction Starts in 2015

Posted by Jeff Hopper on Aug 10, 2016 11:00:00 AM

Earlier this year Forbes published an article ranking the nation’s largest metropolitan statistical areas (MSAs) - major cities and their surrounding suburbs- in terms of the most money spent on new construction in 2015. To compile this list, Forbes relies on construction information firm Dodge Data who, for the purpose of this study, tallies the dollar value of construction starts (breaking ground and actually beginning work) for single- and multi-family homes, office, retail, warehouses, healthcare facilities, educational buildings, manufacturing plants and research facilities, among others.  Not included are monies spent on public works projects such as bridges, streets and parks, nor on utility construction. Dodge Data calculates a project’s total value as the cost to build a project at the time that construction begins, not including land value or the cost of acquisition.

Construction_image.png

Other notable statistics according to Dodge Data:

In 2015 construction spending for ongoing projects across the nation hit its highest annual level since 2008. Construction began on projects worth a total value of $469.5 billion, a 4% increase over 2014. 

However the pace of construction spending has slowed:

2014 was up 16% annually to $453.4 billion over 2013

 2013 up 19% to $389.2 billion over 2012

2012 up 11% to $326.5 billion over 2011

The slowdown was due primarily to the non-residential sector, which dropped off 8%. The biggest culprit was a 39% decline in spending on manufacturing construction after an oil & gas boom in 2014.Spending on residential construction starts was up 14% in 2015, led by multi-family (an 18% annual increase) and with a strong showing for single-family (up 14%).

Although the construction industry as improved since the great recession, finding quality projects to bid has always been a challenge for contractors. The LDI Line is a free plan room service offering quality listings of projects bidding throughout the southeast. Contractors can peruse the listing free as well as view plans and specs. 

Click Here to View LDI Line Projects Currently Bidding. 

US Metro Areas with the Most New Construction Starts in 2015:

1) New York NY

MSA: New York- Northern NJ-Long Island NY-NJ-PA

2015 Construction Starts: $46.6 Billion

Change Year Over Year:                44%

 

2) Dallas TX

MSA: Dallas-Fort Worth- Arlington TX

2015 Construction Starts: $17.8 Billion

Change Year Over Year:                19%

 

3) Houston TX

MSA: Houston- Baytown- Sugar Land TX

2015 Construction Starts: $16.7 Billion

Change Year Over Year:                -49%

 

4) Los Angeles CA

Los Angeles- Long Beach- Santa Ana CA

2015 Construction Starts: $11.7 Billion

Change Year Over Year:                4%

 

5) Chicago IL

MSA: Chicago- Naperville- Joliet IL

2015 Construction Starts: $11.5 Billion

Change Year Over Year:                4%

 

6) Washington DC

MSA: Washington- Arlington- Alexandria DC-VA-MD-WV

2015 Construction Starts: $11.3 Billion

Change Year Over Year:                -7%

 

7) Miami FL

MSA: Miami- FT Lauderdale- Miami Beach FL

2015 Construction Starts: $10.3 Billion

Change Year Over Year:                3%

 

8) Boston MA

MSA: Boston- Cambridge- Quincy MA-NH

2015 Construction Starts: $9.4 Billion

Change Year Over Year:                9%

 

9) Atlanta GA

MSA: Atlanta- Sandy Springs- Marietta GA

2015 Construction Starts: $9.4 Billion

Change Year Over Year:                9%

 

10) Seattle WA

MSA: Seattle- Tacoma- Bellevue WA

2015 Construction Starts: $9.1 Billion

Change Year Over Year:                -1%

 

11) Lake Charles LA

MSA: Lake Charles LA

2015 Construction Starts: $8.4 Billion

Change Year Over Year:                1918%

 

12) Phoenix AZ

MSA: Phoenix- Mesa- Scottsdale AZ

2015 Construction Starts: $8.1 Billion

Change Year Over Year:                17%

 

13) Orlando FL

MSA: Orlando FL

2015 Construction Starts: $6.9 Billion

Change Year Over Year:                51%

 

14) San Francisco CA

MSA: San Francisco- Oakland- Fremont CA

2015 Construction Starts: $6.7 Billion

Change Year Over Year:                10%

 

15) Denver CO

MSA: Denver- Aurora CO

2015 Construction Starts: $6.5 Billion

Change Year Over Year:                20%

 

16) Austin TX

MSA: Austin- Round Rock TX

2015 Construction Starts: $6.4 Billion

Change Year Over Year:                2%

 

17) Nashville TN

MSA: Nashville- Davidson- Murfreesboro TN

2015 Construction Starts: $5.4 Billion

Change Year Over Year:                17%

 

18) Tampa FL

MSA: Tampa- St Petersburg- Clearwater FL

2015 Construction Starts: $5.3 Billion

Change Year Over Year:                24%

 

19) Twin Cities MN

MSA: Minneapolis- St Paul- Bloomington- MN-WI

2015 Construction Starts: $5.1 Billion

Change Year Over Year:                20%

 

20) San Antonio TX

MSA: San Antonio TX

2015 Construction Starts: $4.7 Billion

Change Year Over Year:                3%

Subscribe to Email Updates

Recent Posts

Posts by Topic