While commercial and multifamily construction activity plummeted in the first half of 2020, one major metro area was spared.
Starts in the top 20 metropolitan areas posted a decline of 22% through the first six months of 2020 compared to the same period a year ago, according to Dodge Data and Analytics. After a normal start to the year, the drop began in March as a direct result of the coronavirus pandemic.
In Phoenix, however, construction starts leapt by 82% for the first half of 2020, according to Dodge. That equalled nearly $2.8 billion in project starts for the measured period.