DC Has Second Highest Level of Construction Activity in the Country

DC had the second highest construction activity in the country during the fourth quarter of 2011, Trulia’s Chief Economist Jed Kolko told UrbanTurf today.
In Trulia Insight’s latest post, Kolko took a look at building-permit data to sniff out where construction is booming. Generally, the US is showing an upward trend, with 10 percent more construction starts in the fourth quarter of 2011 compared with the previous year. Houston leads the pack, with more construction activity than any other city in the country, and DC comes in at #2. Detroit and Milwaukee were at the bottom.
Kolko said that 59 percent of new construction permits in the DC area were for multi-family projects, rather than single-family homes. Despite all this, permitting in DC is still 65 percent of the average during the period from 1990 to 2010.
The Trulia analysis came on the same day that the Census Bureau reported that new home starts and building permits across the country rose on a monthly and annual basis in January. Housing starts rose to an annual rate of 699,000, a 1.5 percent increase over December and a 10 percent jump from January 2011. Building permits were up 0.7 percent to 676,000 from January and a whopping 19 percent versus January 2011.
See other articles related to: trulia insights, new construction, housing starts, census
This article originally published at http://dc.urbanturf.com/articles/blog/dc_has_second_highest_construction_activity_in_the_country/5149
Join the discussion
Most Popular... This Week • Last 30 Days • Ever

After we reported that homes in the DC area are spending a median of 11 days on the... read »
Neighborhood Profiles more »
Trinidad: The Difference 5 Years Makes
Shilpi Paul
February 15th | 27 Comments
Five years ago, the DC police department was setting up police checkpoints in the Northeast DC... read »
Editor's Choice more »
The Top 10 DC Zip Codes Where Homes Are Selling Quickest
Shilpi Paul
May 15th | 10 Comments
After we reported that homes in the DC area are spending a median of 11 days on the market, we... read »
New Condo Profiles more »
New Boutique Condo Project Coming to 17th and Q
UrbanTurf Staff
February 25th | 6 Comments
A Dupont Circle mansion is currently being converted into a four-unit condo development that will... read »
The DC Condo Market more »
18-Unit Condo Project in Adams Morgan Slated For July Delivery
Shilpi Paul
May 13th | 4 Comments
An 18-unit condo building on Champlain Street is slated for delivery in July with sales starting... read »
- 18-Unit Condo Project in Adams Morgan Slated For July Delivery
- Nine Unit Condo Project and Restaurant Coming to Bloomingdale
- New Animation Gives Size and Scope of Adams Morgan Condo Project
- A Planned 16-Unit Kalorama Condo Project Struggles With ANC
- 14th Street’s Central Union Mission Condo Project to Begin Construction in June
Green Real Estate more »
Harvest Home: DC’s Submission For the 2013 Solar Decathlon
Shilpi Paul
May 15th | 2 Comments
DC's entry into the Solar Decathalon is a net-zero home that generates energy primarily by... read »
Deal of the Week more »
Deal of the Week: U Street Condo Alternative With Rental Prospects
Shilpi Paul
March 26th | 7 Comments
While the price per square of this installment of Deal of the Week is fairly average, the lower... read »
Renting more »
14W Open For Move-ins Starting This Week
UrbanTurf Staff
April 26th | 5 Comments
14W, the 231-unit apartment building at 14th Street and W Street NW that began leasing in February,... read »
Market Watch more »
Market Watch: Logan Circle, Columbia Heights, Dupont Circle
Keith Gibbons
November 28th | 5 Comments
Housing Market Watch returns this week after a little hiatus as Keith Gibbons takes a closer look... read »
Unique Spaces more »
DC’s One-Room House
Shilpi Paul
May 2nd | 8 Comments
For those with the budget for a studio but the hankering for a house of their own, a one-room... read »
This Week's Find more »
Inspired By California in Takoma Park
Shilpi Paul
May 16th | 1 Comment
If This Week's Find looks a little out of the ordinary for Takoma Park, it's because it was... read »
UrbanTurf Reader Asks more »
UT Readers Asks: Better Than Home Depot, Less Expensive Than Georgetown?
Shilpi Paul
9:15 AM EDT | 17 Comments
In this installment of UrbanTurf Reader Asks, a DC homeowner with a fixer-upper is wondering what... read »
- UT Readers Asks: Better Than Home Depot, Less Expensive Than Georgetown?
- UT Reader Asks: Does It Make Financial Sense To Pay Down My Mortgage Faster?
- UT Reader Asks: Will New Parking Regulations Lead to More Problems?
- UT Reader Asks: Will Buyers Pay More For Old Than New?
- UT Reader Asks: Will Condo Projects Provide Discounts to Buyers Working Without Agents?
What X Buys You more »
What $760,000 Buys You in Del Ray
Shilpi Paul
May 14th | 1 Comment
In What X Buys You this week, UrbanTurf takes a look at properties on the market in the $750,000 to... read »
Best New Listings more »
Best New Listings: Grassy Yard, Pointy Roof, and Windows Galore (Week of May 10th)
Shilpi Paul
May 10th
In this week's edition of Best New Listings, UrbanTurf looks at a pointy-roofed Chevy Chase... read »
- Best New Listings: Grassy Yard, Pointy Roof, and Windows Galore (Week of May 10th)
- Best New Listings: Truxton Circle, Sears Home, Eastern Market Victorian (Week of May 3rd)
- Best New Listings: A Craftsman, A Cottage and A Co-op (Week of Apr 26th)
- Best New Listings: The DMV Edition (Week of Apr 19th)
- Best New Listings: Newly Built Modern, Forest Hills Co-op and a Rare Three-Bedroom (Week of Apr 12th)
Luxury Real Estate more »
$190 Million: The Country’s Most Expensive House
UrbanTurf Staff
May 17th | 0 Comments
A $190 million estate in Connecticut hit the market on Friday, believed to be the most expensive... read »







































































0 Comments — Be the First!