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Commercial, residential construction hit the brakes in DFWCommercial, residential construction hit the brakes in DFWhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=215422018-12-04T06:00:00Z2018-12-05T01:05:00Z

​​​DALLAS – A steep slide in commercial building pulled down total North Texas construction activity in October, continuing a trend from most of 2018, according to Dodge Data & Analytics.

Nonresidential building starts plunged 63 percent in October from a year earlier.

Year-to-date, commercial building in DFW has fallen 34 percent.

Commercial construction in the area has totaled just under $7 billion so far in 2018, compared with almost $10.5 billion in 2017.

Residential construction, which includes both single-family homes and apartments, also fell by 4 percent in October from the same month in 2017, according to the report.

However, through the first ten months of 2018, residential builders have started more than $12 billion in North Texas projects. That's an increase of 7 percent from the same period last year.

Dallas Morning News
Dallas-Fort Worth-Arlington
Economy
https://www.dallasnews.com/business/real-estate/2018/11/29/d-fw-commercial-construction-plunged-octoberRead more at the {Source}

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