Boston New Construction Soars in 2016 by Peter Thomas Ricci March 7, 2016

The residential construction community in Boston kicked off 2016 in a strong fashion, with overall spending rising considerably from a year ago, according to the latest numbers from Dodge Data & Analytics.

Per Dodge Data’s analysis, residential construction spending in Boston totaled $487.82 million through January, a whopping 90 percent increase over Jan. 2015’s construction activity.

Month-to-month stats in construction are notoriously erratic – it’s certain that Boston new construction will not finish the year up 90 percent – but such strong growth does suggest a strong 2016 market, albeit one geared more towards higher-income consumers.

Here is a chart breaking down residential construction in the nation’s most populous areas: