A new report from Dodge Data & Analytics shows new construction starts in the commercial and multifamily sector down 5 percent nationwide. Following a banner year in 2015 thanks to major project in New York, the first half of 2016 shows signs of leveling off under the previous year’s mark.
- New construction starts in the commercial and multifamily sector are down 5 percent from 2015 in the first half of 2016, according to a new report from Dodge Data & Analytics.
- In 2015 there were "several unusually large projects" valued at $7.6 billion. This year, there have only been two projects over the $500 million mark.
- New construction of commercial and multifamily buildings in Houston is down 44 percent from 2015.