According to the Miami Harold, the real estate and construction industry continue to grow. Now is a great time to get a license!
Contracts for construction in South Florida rose 38 percent in July
By Martha Brannigan The Miami Herald
By Martha Brannigan
Contracts for future construction in South Florida rose 38 percent in July to $597.3 million from $431.3 million a year earlier, according to McGraw Hill Construction.
Of that, new residential construction contracts rose 52 percent in July to $352.2 million from $232 million a year earlier for the metropolitan area encompassing Miami-Dade, Broward, and Palm Beach counties, McGraw Hill said. Nonresidential construction permits were up 23 percent to $245 million in July from $199.3 million a year earlier, the New York-based firm said.
For January through July, new construction contracts totaled $3.70 billion, up 24 percent $2.98 billion in the year-ago period.
Of that, new contracts for residential building jumped 45 percent to $2.19 billion from $1.51 billion during the first seven months of 2013, while new nonresidential construction contracts rose just 2 percent to $1.51 billion from $1.47 billion last year, McGraw Hill said.