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Miami new construction activity skyrocketing

The Miami new construction market is putting up some of the most impressive numbers in the nation this year, according to research from Dodge Data & Analytics.

In October, Miami saw more than $1.108 billion in total residential construction spending, which is a whopping 217 percent increase from Oct. 2015. Furthermore, year-to-date construction spending is a much better indicator of the market’s overall health, and at $6.119 billion, Miami’s market is up 10 percent over the same time period last year.

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