Commercial, residential construction hit the brakes in DFW
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.
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