massachusetts q3 construction data report
TRANSCRIPT
Permit Value Municipality Oct. '14 Nov. '14 Dec. '14 Jan. '15 Feb. '15Boston $149,226,657 $209,301,814 $336,406,200 $352,498,758 $240,569,105Brookline $9,000,906 $7,382,237 $5,993,561 $3,135,433 $6,707,659Cambridge $114,189,798 $36,042,019 $78,551,115 $45,090,120 $15,046,000Framingham $14,232,398 $6,783,696 $7,929,797 $46,837,209 $4,971,271Newton $36,032,304 $16,525,015 $26,157,019 $7,725,061 $10,203,285Quincy $8,921,039 $5,604,726 $3,866,416 $2,934,449 $10,751,134Mass State $188,182,825 $121,861,832 $525,877,009 $168,115,871 $44,117,541Somerville $11,538,686 $8,467,895 $53,132,966 $9,013,094 $8,887,938Worcester $18,124,304 $4,649,215 $29,428,541 $4,046,552 $8,398,696Northampton $9,330,422 $11,002,510 $2,347,040 $933,372 $1,866,393Southborough $2,336,648 $2,346,091 $1,530,482 $458,649 $1,146,059Malden $2,133,310 $2,268,769 $3,508,224 $2,663,548 $822,664New Bedford $2,431,298 $9,328,384 $3,431,800 $2,797,825 $2,461,784Brockton $3,981,582 $2,816,896 $2,063,959 $2,289,765 $5,298,073Springfield $14,823,414 $9,529,081 $6,540,137 $9,494,288 $5,755,212Everett $3,087,973 $1,874,557 $1,354,725 $1,159,103 $398,015Stoughton $8,576,207 $884,873 $2,353,181 $2,302,440 $1,884,359Amherst $27,122,107 $2,109,257 $1,405,973 $1,643,541 $40,043,504Totals $623,271,878 $458,778,867 $1,091,878,145 $663,139,078 $409,328,693
December broke the $1B mark for our sample communities. We believe this may be due to an outlier month from Mass state properties. We intend to watch the upcoming December for any pattern.
Permit Value Municipality Mar. '15 Apr. '15 May '15 Jun. '15 Jul. '15Boston $400,602,744 $213,890,134 $529,514,850 $669,196,604 $269,685,876Brookline $7,953,927 $10,655,746 $9,538,541 $13,434,972 $8,072,022Cambridge $45,792,226 $95,141,960 $317,319,868 $69,852,885 $204,903,063Framingham $9,961,920 $16,791,691 $12,661,410 $6,632,148 $9,508,019Newton $14,977,449$15,763,567 $28,956,873 $25,411,446 $27,646,626Quincy $8,254,482 $24,701,828 $112,043,803 $54,054,835 $66,936,822Mass State $201,095,527 $40,614,036 $57,989,384 $68,713,636 $181,524,335Somerville $40,102,232 $7,519,778 $134,353,007 $8,178,000 $88,786,000Worcester $14,934,377 $36,972,103 $17,048,076 $31,810,627 $12,966,195Northampton $3,553,584 $5,297,676 $4,715,000 $12,144,000 $2,798,000Southborough $1,170,111 $632,537 $9,198,279 $1,808,337 $1,777,572New Bedford $2,858,469 $3,178,127 $3,200,466 $3,163,465 $3,335,065Brockton $2,861,485 $6,993,834 $3,941,282 $5,961,216 $8,989,330Springfield $6,110,100 $59,673,832 $9,654,625 $12,479,597 $8,136,685Stoughton $1,749,400 $5,910,418 $2,722,159 $4,914,633 $3,259,553Amherst $6,542,839 $6,093,678 $7,873,148 $5,578,502 $23,569,655Totals $772,274,299 $552,429,829 $1,268,091,258$995,835,903 $926,453,818
In May, June & July the sample communities permitted approximately $1B.Led by notably high months from Quincy and Somerville
Permit Value Municipality Aug. '15 Sep. '15 TotalsBoston $199,727,127 $516,596,933 $4,242,443,058Brookline $17,049,304 $10,662,324 $140,446,459Cambridge $68,156,330 $144,928,862 $1,468,111,448Framingham $7,830,285 $8,576,079 $163,158,835Newton $23,357,764 $23,912,533 $272,358,204Quincy $16,674,371 $11,527,408 $338,674,133Mass State $19,297,637 $26,202,689 $1,691,970,458Somerville $17,575,951 $11,921,458 $418,763,665Worcester $6,992,060 $10,581,463 $215,930,136Northampton $3,499,879 $7,068,556 $76,319,730Southborough $4,420,435 $1,529,793 $29,932,848New Bedford $14,956,147 $3,612,980 $57,323,694Brockton $3,257,437 $53,199,960Springfield $12,248,824 $11,049,750 $189,478,267Stoughton $2,466,841 $2,120,871 $40,835,564Amherst $6,745,918 $1,941,464 $152,798,547Totals $424,256,310 $792,233,163 $8,977,971,242
Our sample communities over the last 12 months have permitted over $8B & we are projecting year end statewidein Massachusetts to have permitted approximately $12.4B in building construction. Keep a watch on the AGC MA website for the upcoming full Q3 report