Continuing its slow return to prominence, residential construction is gaining ground in many metropolitan areas in the U.S. Unfortunately, not everyone did so well in April.
The Miami area has seen its fair share of rough residential construction months, but April 2014 won’t be counted among them. According to numbers provided by McGraw-Hill, residential construction in Houston is already outpacing 2013.
Last April, total residential construction projects were valued at approximately $318 million, putting Miami near the lower end of markets in regard to new construction. However, strong interest from investors and buyers alike have helped pushed the industry passed its 2013 benchmarks. According to Redfin, residential construction in the city raised to $465 million in April.
Check out our graph below to see how your city compares: