The 2015 construction spending on ongoing projects across the U.S. hit its post-crisis high of $469.5 billion, up 4% from 2014, according to a report by Dodge Data & Analytics. The year of 2015 undoubtedly marked a successful year for the construction industry. To find out who is the biggest winner, Forbes staffer Erin Carlyle chews over industry data compiled by Dodge Data and compiles a list of top 10 U.S. metros with the most new construction in 2015. Carlyle writes,
"This year New York returns to the top of the Building Boom Towns List, with a whopping $46.6 billion in new construction starts. Building overall jumped 44% for greater New York (the New York-Northern New Jersey-Long Island, NY-NJ-PA metro area), with residential starts increasing 41% to $24.8 billion, likely boosted by an influx of foreign money and helped along by the impending end of a tax break for developers who agreed to put affordable units in their projects.
Thanks to its more diverse economy, the Dallas-Fort Worth-Arlington metro area welcomed $17.8 billion in new project starts in 2015, 19% more (in dollar terms) than the year before and $1.2 billion more than Houston. As the state’s financial center and a regional logistics hub, Dallas is more closely tied to national and regional economic factors than the price of crude. That helped fuel Dallas’ rises to the No. 2 spot on Forbes’ list of Building Boom Towns—metro areas with the most new construction. Houston, meanwhile, tumbles from the top to the No. 3 slot."
The remaining of the top 10 metros are Los Angeles-Long Beach-Santa Ana, Calif., Chicago-Naperville-Joliet, Ill.-Ind.,-Wis., Washington-Arlington-Alexandria, D.C.-Va.,-Md.,-W.Va., Miami-Fort Lauderdale- Miami Beach, Fla., Boston-Cambridge-Quincy, Mass.-N.H., Atlanta-Sandy Springs-Marietta, Ga., and Seattle-Tacoma-Bellevue, Wash.