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Residential Construction in Miami Up 120% in October

by Peter Thomas Ricci

Residential construction has been on the rise throughout the country in 2013, but what of here in Miami?

residential-construction-mcgraw-hill-october-housing-recovery

October was a very good month for residential construction in Miami. How good? Try this: according to the latest analysis by McGraw-Hill Construction, residential contracts in the Magic City were, well, magical, boasting a whopping 120 percent year-over-year increase in October, which is among the strongest growths in the nation.

How does that growth, though, compare with the rest of the nation? And how has Miami done throughout all of 2013? To find out, we consulted further data provided by McGraw-Hill, and put together the following graphs:

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