10 Metro Areas Where Hammers are Swinging in 2014
Building is booming in 10 metro markets across the country, according to Forbes.com. These cities have become hotbeds of new construction in 2014 for single-family homes as well as multifamily, office space, retail space, warehouses, and other commercial space.
The list includes:
Metro area: Houston-Baytown-Sugar Land, Texas
2014 construction starts (January-September): $25.1 billion
2. New York
Metro area: New York-Northern New Jersey-Long Island, N.Y.-N.J.-Pa.
2014 construction starts: $23.3 billion
Metro area: Dallas-Fort Worth-Arlington, Texas
2014 construction starts: $10.8 billion
4. Washington, D.C.
Metro area: Washington-Arlington-Alexandria, D.C.-Va.-Md.
2014 construction starts: $9.5 billion
5. Los Angeles
Metro area: Los Angeles-Long Beach-Santa Ana, Calif.
2014 construction starts: $7.7 billion
Metro area: Chicago-Naperville-Joliet, Ill.-Ind.-Wis.
2014 construction starts: $7.5 billion
Metro area: Atlanta-Sandy Springs-Marietta, Ga.
2014 construction starts: $6.6 billion
Metro area: Miami-Fort Lauderdale-Miami Beach, Fla.
2014 construction starts: $6 billion
Metro area: Boston-Cambridge-Quincy, Mass.-N.H.
2014 construction starts: $5.5 billion
Metro area: Seattle-Tacoma-Bellevue, Wash.
2014 construction: $5.4 billion
View the full list of the top 20 at Forbes.com.
Source: “Building Boom Towns: Metro Areas with the Most New Construction in 2014,” Forbes.com (Nov. 11, 2014)