6 Metros With the Most New Construction

Daily Real Estate News

Construction slowed dramatically in recent years but has been showing signs of picking up in pockets across the country.

“There were a substantial number of projects deferred in 2008 and 2009 but those cases are much less so today, looking at 2010, 2011, and now in 2012,” says Robert Murray, vice president of economic affairs at McGraw Hill Construction, a construction data firm.

While construction has been increasing in recent months, it’s still far from its 2006 peak: New construction projects totaled $421.4 billion last year, which is 40 percent below the $689.3 billion reached in 2006. Continue reading