DFW New Construction Activity Slows in March
Posted by Kenneth G. Cox on
Despite home prices still being on an upward climb, job growth still thriving, and available housing inventory still lacking, new construction activity throughout North Texas saw a bit of a drop in March compared to this time a year ago.
According to recently released data from Dodge Data Analytics, residential construction activity fell 8 percent year-over-year a month ago, and nonresidential commercial activity saw an even stronger decline of roughly 22 percent.
What’s particularly interesting is that as new construction slowed a bit compared to 2017 levels, new construction nationwide was actually on the rise last month, increasing by approximately 11 percent.
As for the exact figures, Dodge Data Analytics recorded $652,935,000 nonresidential projects…
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