Residential construction contracts awarded in metro Denver are up by nearly a third in the first quarter compared with the same period a year earlier, according to a report from Dodge Data & Analytics.
Residential construction contracts, which cover single-family homes and apartments, rose 32 percent from $711.3 million in the first quarter of 2014 to $939.8 million in the first quarter of 2015.
Non-residential building construction contracts increased 16 percent, from $432.9 million to $501.8 million during the same period.
That category covers a wide range of structures, including office, retail, hotels, warehouses, manufacturing plants, schools and churches.
Residential construction contracts in metro Denver dropped from $315.4 million in February to $306.4 million in March, while nonresidential rose from $188.2 million from $134.2 million.
Metro Denver is bucking the national trend of flatter construction spending. Year-over-year, U.S. construction spending is up only 2 percent.
