Both residential and nonresidential construction in metro St. Louis are registering double digit increases over a year ago.
Dodge Data & Analytics on Thursday reported July construction starts in the metropolitan statistical area of St. Louis, consisting of Bond, Calhoun, Clinton, Crawford, Franklin, Jefferson, Jersey, Lincoln, Macoupin, Madison, Monroe, St Charles, St Clair, St Louis, Warren and Washington in Illinois and Missouri.
According to Dodge Data & Analytics, the latest month’s nonresidential construction activity was up by more than $126 million to $202.2 million from $75.9 million in July 2015. Residential construction in July was up nearly $21 million in July from $172 million July 2015. Total building construction was up 59 percent, or $147 million to $395 million from $247.9 million in July 2015.
On a year-to-date basis, building construction in metro St. Louis is up 19 percent compared to the first seven months of 2015. The St. Louis area has seen $2.3 billion of construction activity so far this year compared to less than $2 billion over the same months of 2015.
Nonresidential buildings in the Dodge Data & Analytics count include office, retail, hotels, warehouses, manufacturing, educational, healthcare, religious, government, recreational, and other buildings. Residential buildings include single family and multifamily housing.