A new report from Dodge Data & Analytics has identified a softening in seven of the country’s top 20 markets for commercial construction including multifamily, with some of it tied to declines in the multifamily sector.
The study analyzed construction starts rated by dollar value for multifamily and commercial construction, which includes office buildings, retail, data centers, hotels and warehouses. The statistics were collected by the Dodge reporter network and represent a summation of the projects collected for a given period, as opposed to an estimate produced by a sampling methodology, Dodge chief economist Robert A. Murray told Construction Dive.
