New Projects Up In January, But Below 5 Year Average

Residential projects captured by CoreLogic represented 21% of the $17.9 billion in work proposed over the last 12 months. The residential proposals make up 32% of the number of new projects captured in January. New projects in apartments and units are highly concentrated along the east coast and in capital cities, despite the CoreLogic Hedonic home value indices reporting a 1% quarterly decline in combined capital dwellings.  

As reported in the December edition of the Construction…