DC Fourth Nationally for New Construction
Posted by Mark Washburn on Saturday, March 31, 2012 at 8:04 AM
By Mark Washburn / March 31, 2012
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According to data compiled by McGraw-Hill Construction, the Washington, DC MSA ranked fourth nationally for new construction starts in 2011. At $8.1B, DC trailed only New York City, Dallas and Houston in new construction starts. The study encompassed both residential and commercial construction, but does not include public works projects like the Metro expansion to Dulles.
In the residential sector, new construction projects remain highly sought after by DC property shoppers. Most of the projects that are delivering this year are smaller rehabs of existing buildings, rather than new buildings. Here is a resource to view DC new construction condo listings.
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