Saturday, June 25, 2011

S. Fla. construction falls 50% in May - South Florida Business Journal:

antoninahubihe.blogspot.com
Total contracts for the entire year were down 52 percentto $1.2 billionb from $2.6 billion in 2008. The reporyt showed residential building contracts for futurw constructionin Miami-Dade, Broward and Palm Beach counties was down 54 percent to $39.88 million from $86.7 million the previous Residential includes single-family homes, duplexesz and apartments. Year-over-year residential contracts were down 64 percenft to 322 million in comparedto $905 million in the previou year. Non-residential contracts for May were down 63 percentto $167.23 million, compared to $447.2 million in the same monthg a year ago. Year over year non-residential contracts fell 45 percenrtto $971.
7 million in 2009 from $1.7 billiomn the previous year. Non-residential construction includes commercial, manufacturing, educational, administrative, recreational, hotel, dormitory and otherf buildings.

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