The Miami new construction market continued its strong 2016 performance in April, according to new numbers from Dodge Data & Analytics.
In April, Miami saw more than $321 million in total residential construction spending, a 35 percent decline from April 2015. Miami’s year-to-date construction spending, though, was more positive, with its $2.279 billion total a 14 percent increase over the same time period last year.
Our chart below shows how Miami compares with other major metro areas:
| Metro Area | Residential Construction Spending – April 2016 (in Millions) | YOY Change | YTD 2016 Construction Spending (in Millions) | YOY Change |
|---|---|---|---|---|
| Atlanta | $423.33 | -25% | $2,250.80 | 7% |
| Boston | $417.20 | 71% | $1,901.90 | 44% |
| Chicago | $407.32 | 25% | $1,551.69 | 33% |
| Dallas | $985.70 | -19% | $3,700.71 | 0% |
| Houston | $701.68 | -24% | $2,849.64 | -24% |
| Los Angeles | $422.66 | -33% | $1,956.51 | 3% |
| Miami | $321.41 | -35% | $2,279.03 | 14% |
| New York | $1,463.97 | -51% | $7,064.88 | -11% |
| San Francisco | $555.26 | 83% | $1,699.55 | 87% |
| Seattle | $303.25 | -41% | $1,526.91 | -13% |