In South Florida, residential construction spiked, while commercial construction plummeted according to an April-to-April Dodge Data & Analytics report. So reports The Real Deal.
Residential construction starts jumped 58% from April 2017 to April 2018 while commercial started dropped 42%. Total building activity was up about $1 billion year-to-year, though.
New steel tariffs are not expected to hurt South Florida’s market due to building code requirements that rebar be used in concrete structures.