Commercial building activity in the Dallas-Fort Worth area bounced back in November, according to new information released by Dodge Data & Analysis on Dec. 27l.
Nonresidential construction activity was up 35 percent from November 2017 and residential construction activity was up 8 percent for the same time period.
Despite that increase in November, it didn’t catch 2018 up with 2017, year-to-date. For the first 11 months of 2018, nonresidential construction in the Dallas-Fort Worth area was down 30 percent from 2017, according to Dodge Data.
The picture was a little brighter on the residential side, where construction was up 9 percent for the first 11 months of the year over 2017’s same time period.
Overall construction is down 10 percent over 2017’s record-setting levels.
Here are some numbers from the Dodge Data report for the metropolitan statistical area of Dallas-Fort Worth-Arlington, consisting of Collin, Dallas, Delta, Denton, Ellis, Hunt, Johnson, Kaufman, Parker, Rockwall, Tarrant and Wise counties.
Nonresidential construction in 2018 totaled $768.1 million in November 2018, down from $568.5 million for November 2017. Residential construction totals are $976.5 million for November 2018, up from $904.7 million in November 2017. Total construction starts in November 2018 was $1.743 billion, up from $1.473 billion in November 2017.
For the first 11 months of the year, nonresidential construction has totaled $7,665 billion, down 30 percent from 2017’s $11.016 billion. Residential construction for the first 11 months totaled $13.191 billion, up from $12.111 billion for 2017.
Total construction starts in 2018 have totaled $20.856 billion, down 10 percent from 2017’s $23.127 billion.
http://www.construction.com.