The Real Deal Miami

SF construction contracts rise 58 percent

April 27, 2012 01:30PM

SF construction spending outpaced the state in March

Contracts for future construction in the tri-county area rose 58 percent in March, compared to the same month in 2011, according to McGraw-Hill Construction. There was a total of $371 million in residential and nonresidential construction contracts in March, up from $234.7 million at the same time last year. For the year, a total of $948.9 million in total building contracts have been signed in Broward, Miami-Dade and Palm Beach counties. Statewide, contracts for construction fell, however, dropping 24 percent in March year-over-year to a total of $2 billion. — Alexander Britell