Contracts for future construction rise 46 percent in Miami: report

The total dollar value of contracts for future construction in the Miami metro area has risen 46 percent for the year to date, according to a report from McGraw-Hill Construction. There is a total of $2.82 billion in contracts for future construction since the beginning of the year, up from $1.94 billion at the same time last year. Residential contracts have risen by 62 percent in the period, while nonresidential contracts have increased by 32 percent. — Alexander Britell