The Miami new construction market continues to put up strong numbers, according to research from Dodge Data & Analytics.
In November, Miami saw more than $351 million in total residential construction spending, which is a 22 percent decline from Nov. 2015. Year-to-date construction spending, though, is a much better indicator of the market’s overall health, and at $6.488 billion, Miami’s market is up 8 percent over the same time period last year.
See our chart below for more details on November’s new construction activity:
| Metro Area | Residential Construction Spending – Nov. 2016 (in millions) | YOY Change | YTD 2016 Construction Spending (in millions) | YOY Change |
|---|---|---|---|---|
| Atlanta | $402 | -12% | $7,021 | 20% |
| Boston | $1,270 | 280% | $5,285 | 29% |
| Chicago | $450 | 5% | $6,756 | 46% |
| Dallas | $682 | -20% | $11,405 | 7% |
| Houston | $601 | -4% | $8,310 | -13% |
| Los Angeles | $448 | 10% | $8,193 | 21% |
| Miami | $351 | -22% | $6,488 | 8% |
| New York | $1,162 | -22% | $17,005 | -23% |
| San Francisco | $194 | 20% | $4,142 | 27% |
| Seattle | $230 | -22% | $4,763 | -7% |