The latest analysis from Dodge Data provided a low-key assessment of new construction in Miami

According to the latest numbers from Dodge Data & Analytics, residential construction spending in the Miami housing market totaled $405 million in November.

That total is a stark 60 percent below where construction spending was in Nov. 2014, but year-over-year stats are often a misleading gauge on how a construction market is performing, as they vary considerably from month to month; year-to-date numbers, by contrast, are a much more accurate metric, although by that measure, Miami’s market is still in the red – thus far in 2015, Miami’s $5.865 billion in spending is down 2 percent over the same time period last year.

For a broader view on the nation’s new construction markets, take a look at our infographic below: