A December jump in commercial building wasn’t enough to keep North Texas construction activity from declining for all of 2018.
About $22.2 billion in building starts were recorded in the Dallas-Fort Worth area last year – down from the record $24.6 billion in 2017, according to the latest report from Dodge Data & Analytics.
A 27 percent decline in new nonresidential building contributed the most to 2018’s total 10 percent drop in construction activity.
Commercial building starts jumped 47 percent in December to a total of $576 million. But that wasn’t enough to erase sharp declines earlier in the year.
A decline in office building projects and other nonresidential developments caused the slowdown.