After stalled projects and uncertainties due to COVID plagued the construction industry in 2020, commercial and multifamily construction starts bounced back in 2021, according to Dodge Construction Network.
Commercial and multifamily construction starts increased 16% nationwide in 2021. But starts remain below 2019 levels, indicating that the sector has not fully recovered from the impact of the pandemic.
In the top 20 metro areas, commercial and multifamily starts were 5% below the level recorded in 2019, and national commercial and multifamily starts were just 2% below the 2019 level. Larger metro regions have lagged other areas as demand for construction shifted away from denser urban zones.
In the top 10 metro areas, commercial and multifamily starts were 9% below their 2019 levels, while starts in the metro areas ranked 11-20 were up 5% from 2019. This shows that in 2021, smaller, less dense metropolitan areas became increasingly popular.
Related Stories
Codes and Standards | Nov 13, 2019
Heat pumps, strategic energy management could be next major focuses for efficiency
After lighting, efficiency experts look to new opportunities to boost energy efficiency.
Codes and Standards | Nov 12, 2019
National Infrastructure Performance Council to address ‘national security crisis’
Coalition wants to double annual level of infrastructure investment.
Codes and Standards | Nov 11, 2019
Major cities are adopting new building performance standards
Initiatives can include multiple standards.
Codes and Standards | Nov 11, 2019
U.S. hotel construction pipeline continues its year-over-year growth
In its eighth consecutive quarter of growth, projects currently under construction stand at 1,729 projects/235,278 rooms.
Codes and Standards | Nov 11, 2019
New retrofit design guide for metal roofing published
Metal Construction Association document provides best practices for re-roofing with metal.
Codes and Standards | Nov 8, 2019
New York City among the top hotel construction pipelines in the United States
Hotels presently under construction are at 102 projects/17,504 rooms.
Codes and Standards | Nov 7, 2019
Group focused on using AI for construction safety gains key members
Major contractors join partnership to share data to predict hazards, incidents.
Codes and Standards | Nov 6, 2019
Undisclosed ICC agreement with NAHB alleged to thwart more stringent efficiency codes
Homebuilders’ seats on ICC made it easier to block new provisions, report alleges.
Codes and Standards | Nov 4, 2019
ASHRAE releases new version of energy efficiency standard for buildings
Standard 90.1 includes revisions of envelope, lighting, HVAC provisions.
Codes and Standards | Nov 1, 2019
Resiliency of a community’s housing stock can be measured according to new benchmark
Metric can help municipalities prepare for disasters.