Building in the Magic City Making Significant Progress
Residential construction spending in the Miami area was up 86 percent year-over-year in June, and so far in 2015 is 27 percent ahead of where it was last year.
Those encouraging stats came courtesy of the latest Dodge Data & Analytics report, a monthly look at residential construction activity in the nation’s largest metro areas.
Miami Agent assembled a series of graphs on Dodge Data’s findings. Below is total residential construction spending in June:
Overall construction activity remains among the highest in the nation, with only Houston, Dallas and New York ranking higher.
Miami’s year-over-year growth is also among the best in the nation:
Yearly stats can be volatile, and an area’s year-to-date progress is a better indicator of the market’s actual health:
At 27 percent, Miami’s year-to-date measurements are also very positive, and they strongly indicate that Miami is due for its best year of new construction activ
original Content Provided by Miami Agent Magazine
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