This year is shaping up to be a hugely positive one for residential construction in Miami, according to the latest numbers from Dodge Data & Analytics.
In February, residential construction spending in Miami totaled $588 million, a 13 percent increase from Feb. 2015; even more encouraging, year-to-date spending now totals $1.085 billion, which is an 18 percent increase over the same time period in 2015.
Here is a chart breaking down Dodge Data’s numbers in more detail:
| Metro Area | Residential Construction Spending, Feb. 2016 (in millions) | YOY Change | YTD 2016 Construction Spending | YTD Change |
|---|---|---|---|---|
| Atlanta | $648 | 61% | $1,143 | 43% |
| Chicago | $195 | 13% | $606 | 94% |
| Boston | $385 | -21% | $870 | 17% |
| Dallas | $920 | 22% | $1,682 | 6% |
| Houston | $751 | -35% | $1,396 | -26% |
| Los Angeles | $435 | -23% | $739 | -10% |
| Miami | $588 | 13% | $1,085 | 18% |
| New York | $1,468 | -23% | $3,476 | 14% |