The Miami new construction market is putting up some of the most impressive numbers in the nation this year, according to research from Dodge Data & Analytics.
In October, Miami saw more than $1.108 billion in total residential construction spending, which is a whopping 217 percent increase from Oct. 2015. Furthermore, year-to-date construction spending is a much better indicator of the market’s overall health, and at $6.119 billion, Miami’s market is up 10 percent over the same time period last year.
See our chart below for more details on October’s new construction activity:
| Metro Area | Residential Construction Spending – Oct. 2016 (in millions) | YOY Change | YTD 2016 Construction Spending (in millions) | YOY Change |
|---|---|---|---|---|
| Atlanta | $557 | 38% | $6,533 | 21% |
| Boston | $216 | -29% | $3,966 | 5% |
| Chicago | $361 | -52% | $6,329 | 51% |
| Dallas | $1,083 | -13% | $10,645 | 9% |
| Houston | $895 | 20% | $7,653 | -14% |
| Los Angeles | $742 | 35% | $7,711 | 21% |
| Miami | $1,108 | 217% | $6,119 | 10% |
| New York | $1,347 | -2% | $15,745 | -23% |
| San Francisco | $377 | -27% | $3,795 | 23% |
| Seattle | $363 | -50% | $4,327 | -10% |