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Thats a positive sign. Waterloo enjoyed its second-best construction year in history when it racked up $127.5 million in building projects during the fiscal year ending last June 30, while housing starts also hit an all-time high. Cedar Falls Building official Craig Witry said his city tallied $151 million in new construction during the 2015-16 fiscal year. Last year was a huge record, Witry said. A good year for Cedar Falls is $100 million. Midway through the current fiscal year, Cedar Falls has $55 million in construction underway, with more projects in the wings. So the pipeline looks good for the second half of the year, Witry said. Weve got a lot of projects in play right now. Its good. Im happy. Major Cedar Falls commercial projects include Western Home Communities continued construction on the next phases of a $42 million wellness and community center with independent living and skilled nursing cottages on 16 acres west of Prairie Parkway and north of the Cedar Falls Wal-Mart. From July 1 through Dec.