South Florida’s construction starts rise to $1.7B in May

Thursday Jul 27th, 2017


Construction spending was up in South Florida last month, according to a new report from Dodge Data & Analytics. Construction starts were up 58 percent to $1.67 billion in June compared to the previous year thanks to a huge boost in commercial construction. Starts of commercial projects totaled $1.1 billion last month, up 157.4 percent year-over-year. Residential construction fell by 10 percent to $563 million. Year-to-date, the figures are less dramatic. Overall, construction... [read more]

Shortage of construction workers continues as workforce ages

Wednesday Jul 26th, 2017


The construction workforce in the U.S. is shrinking – and graying, new data shows. Across the country, the labor force shrank in size to 10.4 million workers in 2015 from 10.6 million at the bottom of the market in 2010, according to a new analysis of Census data. It’s a big contrast from the growth seen from 2000 to 2005, when the workforce expanded from 9.3 million workers to 11.5 million. And now, the average construction worker is older than the average American worker... [read more]

Lennar buys home development site in South Florida for $10M

Tuesday Mar 7th, 2017


  Lennar Homes acquired the long-stalled Silver Palms Southwest project in southern Miami-Dade County for $10.3 million. Madeira Investors, managed by Juan Carlos Rodriguez in St. Augustine, sold the 106 home lots at the southwest corner of Southwest 240th Street and Southwest 117th Avenue to Lennar Homes, an affiliate of Miami-based Lennar Corp. (NYSE: LEN). The property was platted into home lots in 2007, but no construction took place as the recession set in. The property... [read more]