Top 10 Cities With the Most Development
After two years atop the Forbes list of American cities with the most construction, New York has to settle for runner-up to a booming, oil rich Houston. The Texas city racked up over $25B in construction starts in the first three quarters, with a trio of $3B gas and energy sector developments leading the charge. Two healthcare projects—the Helen L. and Martin S. Kimmel Pavilion Clinical Medical Facility at NYU and David H. Koch Ambulatory Care Center at New York-Presbyterian—topped the development list in NYC. Meanwhile, Boston's construction starts declined by 10%, more than any other city in the top 10:
1) Houston, construction starts (January-September 2014): $25.1B, 176% year-to-year change
2) New York, $23.3B, 36%
3) Dallas, $10.8B, -3%
4) Washingston, DC, $8.4B, 13%
5) Los Angeles, $7.7B, 9%
6) Chicago, $7.5B, 23%
7) Atlanta, $6.6B, 8%
8) Miami, $6B, 19%
9) Boston, $5.5B, -10%
10) Seattle, $5.4B, 7%
