This year proving to be especially positive for Miami new construction

Residential construction spending in the Miami area totaled $433 million in April, an 11 percent decrease from the $487 million of April 2014, according to the latest report from Dodge Data & Analytics.

Despite that decline, thus far in 2015, Miami’s new residential construction activity is a healthy 19 percent increase over the same time period in 2014.

Based on Dodge Data’s numbers, below are graphs that compare Miami’s new construction marketplace with those of other large metro areas. The first graph shows residential construction spending in April:

Despite Miami’s weaker April numbers, it remains among the most active construction markets in the nation.

Things change, though, when looking at the year-over-year growth in construction:

Again, Miami’s yearly performance was on the weaker side, though it was in good company.

And finally, Miami’s year-to-date numbers are more encouraging: