The value of commercial and multifamily construction starts in the top 20 metropolitan areas of the U.S. increased 18% from 2020 to 2021, according to Dodge Construction Network.
This recovery performance followed stalled projects and growing uncertainties that plagued the industry in 2020. Commercial and multifamily construction starts, however, remain below 2019 levels.
Only four leading markets saw declines in 2021: Washington, D.C.; Los Angeles; Nashville; and Chicago.
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