Construction gains slow in March, but up 50% for year

Written by Miami Today on April 26, 2018

Construction growth slowed in South Florida in March but is still up 50% for the first quarter of 2018, according to Dodge Data & Analytics.

The total value of construction starts in the region rose 4% in March from March 2017, reaching $1.058 billion. For 2018 to date, total starts are valued at $3.642 billion, up from $2.431 billion in the first quarter of 2017.

Residential starts gained 10% in March from March 2017 and are up 58% of the year at $2.038 billion.

Nonresidential construction starts fell 3% in March from March 2017 but still are up 41% for the year at $1.064 billion, Dodge reported.