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Despite Slowdown, Developers are Still Pumping Billions into Miami’s Housing Market

by Peter Thomas Ricci

New analysis from Dodge Data & Analytics paints an encouraging picture for Miami’s new construction marketplace

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The Miami housing market capped off a strong year of residential investment, according to the latest numbers from Dodge Data & Analytics.

Per Dodge Data’s report, Miami homebuilders and developers pumped $615 million into the housing market in December and $6.545 billion over all of 2015; though December’s total was 5 percent less than a year ago (and the yearly tally was down 2 percent), Miami’s new construction volume is still among the highest in the nation.

How does Miami’s market compare with other large metro areas? Check out our graph below to find out:

 

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