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DFW third nationally in commercial, apartment buildings startsDFW third nationally in commercial, apartment buildings startshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=246382020-07-23T05:00:00Z2020-07-23T14:00:00Z

​​​​BEDFORD, Mass. – With the pandemic slowing construction across the country, Dallas-Fort ​​Worth was still third nationally for commercial and apartment building starts in the first half of the year.

According to Dodge Data & Analytics, nearly $3.81 billion of commercial and multifamily construction starts were recorded in the metro so far this year. That's compared with the over $3.87 billion recorded in the first half of 2019.

Starts in North Texas fell 2 percent over the year, the smallest construction decline among the 20 largest markets surveyed. 

Austin-Round Rock ranked ninth with nearly $2.45 billion of construction starts in the first half of 2020. That's down 12 percent from this time last year.

Houston-The Woodlands-Sugar Land followed the Texas capital, ranking tenth. In the first half of 2020, over $2.42 billion of starts were recorded, down 38 percent from 1H2019. 

Only New York City and Washington, D.C., had more building than DFW, recording $11.52 and $4.2 billion of construction starts so far this year, respectively. 

Los Angeles ($3.32 billion) and Chicago ($3 billion) rounded out the top five. 

Texas logoThe Real Estate Center​​​​ has more information like this online for free:

​Source: Dallas Morning News

Dallas Morning News
Dallas-Fort Worth-Arlington
Economy
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