Florida Construction Market, Miami Real Estate

Florida Construction Market to Increase 11% Next Year

According to McGraw-Hill Construction’s annual industry outlook, the level of construction starts in 2010 is expected to jump 11% to $466.2 billion. This is great news for Miami real estate.

Improvements in the Miami housing market and public works construction is expected to help the Miami real estate bounce back from a 25% decline that is predicted for 2009.

Robert Murray, vice president of economic affairs for McGraw-Hill Construction, which is part of the McGraw-Hill Costruction said, “The U.S. construction market in 2010 will be helped by growth for several sectors, following three straight years of decline that brought total construction activity down 39% from its mid-decade peak.”

Full article...Florida Construction Market, Miami Real Estate