Call it a pause, a hiccup or no big deal, residential housing starts stuttered a bit in September. Construction data deep thinkers Dodge Data & Analytics recently cranked out its monthly tallies on overall construction in Chicagoland, and the data show a big divot in non-home building, and maybe a double bogey for residential construction.
- Amid a continually rising tide of homebuilder confidence nationally, residential construction dropped a bit, by 2 percent.
- Nonresidential slid only 28 percent from 2014’s cumulative number to September, while residential has gained a healthy 32 percent in the same time period.
- The area studied is the metropolitan statistical area of Chicago-Naperville-Joliet.
The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills