The Miami new construction market continued its solid 2016 performance in July, according to new numbers from Dodge Data & Analytics.
In July, Miami saw more than $854 million in total residential construction spending, a pronounced 18 percent decline from July 2015. Year-over-year numbers, though, are notoriously erratic, and indeed, Miami’s year-to-date construction spending is more stable. Now totaling $4.218 billion, the market is up 1 percent over the same time period last year.
See our chart below for more details on July’s new construction activity.
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