Miami new construction is holding pace in 2016 Miami home prices continue to climb

Miami new construction is holding pace in 2016 Miami home prices continue to climb

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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