Construction is the residential sphere is quite positive in Miami in 2014

According to the latest numbers from the Census Bureau, residential construction spending in August was at a seasonally adjusted annual rate of $351.7 billion, down 0.1 percent from July but up 3.3 percent from August 2013.

What does the situation look like here in Miami, though? Using fresh analysis from McGraw Hill Construction, we put together the following graphs to explain: