“Los Angeles is in the midst of a building boom beyond anything seen here since the 1980s, driven by the severe lack of housing and the redevelopment of Hollywood and downtown Los Angeles,” Bob Hale says.
After 12 months of ups and downs, the final tally for 2015’s total construction starts ended the year with an 8% annual increase, representing $646 billion in new work, according to Dodge Data & Analytics.
Dodge Data & Analytics says last month's projected new-project volume fell 5% from October's rate but January-November total climbed 8% from the year-earlier period.
