Issue link: http://read.dmtmag.com/i/863580
12 • SEPTEMBER 2017 • WORLD FENCE NEWS NEW YORK – During the first half of 2017, eight of the top 10 met- ropolitan markets for commercial and multifamily construction starts ranked by dollar volume registered decreased activity compared to a year ago, according to Dodge Data & Ana- lytics. At the same time, metropolitan markets ranked 11 through 20 showed growth for nine of the 10 markets, as smaller geographic areas are picking up the slack from the deceleration un- derway in those cities that have led the commercial and multifamily upturn over the past several years. At the national level, the volume of commercial and multifamily con- struction starts during the first half of 2017 was $87.5 billion, down 9% from last year's first half, although still a slight 1% above what was re- ported during the first half of 2015. The New York, N.Y. metropolitan area, at $10.5 billion in the first half of 2017, maintained its number one rank- ing and comprised 12% of the U.S. commercial and multifamily total, but was down 22% from a year ago. The New York, N.Y. metropoli- tan area reached a peak back in 2015, when $35.3 billion in commercial and multifamily construction starts were reported for the full year, comprising 17% of the national total. In 2016, New York, N.Y. dropped 16% for the full year, and now is on track for another decline in 2017. Other metropolitan areas in the top 10 with double-digit declines in the first half of 2017 were Los Angeles ($4.4 billion), down 15%; Dallas-Ft. Worth ($3.2 billion), down 29%; Bos- ton ($2.4 billion), down 27%; and Se- attle ($1.9 billion), down 23%. Miami ($3.6 billion) dropped a moderate 5% during the first half of 2017, and the two markets in the top 10 with only slight declines were Chi- cago ($3.8 billion) and Washington, D.C. ($3.6 billion), each down 1%. The two metropolitan areas in the top 10 that showed growth during the first half of 2017 were San Francisco ($4.5 billion), up 48%; and Atlanta ($3.4 billion), up 19%. San Francisco was lifted by the start of the $1.3 billion Oceanwide Center Tower, while Atlanta benefit- ted from the start of the $240 mil- lion Coda Building in Georgia Tech's Technology Square. For those markets ranked 11 through 20 in the first half of 2017, the only decline was reported for Denver ($1.8 billion), down 16% from a year ago. The remaining nine markets, list- ed in order by the volume of activity, were the following – Houston ($1.8 billion), up 2%; Philadelphia ($1.7 bil- lion), up 23%; San Jose, Calif. ($1.6 billion), up 49%; Austin, Tex. ($1.5 billion), up 14%; Baltimore ($1.4 bil- lion), up 46%; Charlotte, N.C. ($1.4 billion), up 58%; Orlando, Fla. ($1.4 billion), up 28%; Sacramento, Calif. ($1.1 billion), up 659%; and San An- tonio ($1.0 billion), up 5%. First half of 2017 commercial and multifamily construction starts reveal mixed pattern across top metro areas www.interstatevisions.com Tel: 631-842-4488 • Toll Free: 866-GO-FENCE Throughout the Northeast preferred fence contractors and distributors turn to Interstate Visions Wholesale Fence products for superior quality, reliability and variety of style. Our vinyl, wood and aluminum fences are manufactured using the latest state-of-the art processes and highest grade materials, and are built to stand up to the harshest weather conditions. From in-stock to full customization, our fence products have been the number one choice of contractors in the Northeast since 1987. Better Fences Start with a Better Fence Company. Call today to discover all the advantages Interstate Visions Wholesale Fence has to offer. FENCE RAILINGS POST & RAIL ARBORS PERGOLAS CUSTOM Interstate Visions Now Offers Profile Bends! - continued on page 78