South Florida’s construction pipeline was down more than 50 percent year-over-year in May, according to a report from McGraw-Hill. Construction contracts currently stand at $1.2 billion, a drop from $2.6 billion in 2008. Residential building contracts, for single-family homes, duplexes and apartments, fell 54 percent in Miami-Dade, Broward and Palm Beach counties. Non-residential contracts, for commercial, manufacturing, education, religious, administrative and other types of projects, plunged 63 percent, according to the report.
Trending
Area construction pipeline down more than 50 percent
Recommended For You