For the second consecutive year the New York metro area tops Forbes’ list of the U.S. cities with the most new construction. To compile the list, McGraw Hill Construction sorted through building data for the nation’s metropolitan statistical areas to find the 20 places where the most money has been spent on new construction from the start of 2013 through May. New construction for the entire country was up 10% in 2012 and McGraw Hill Construction projects it will climb another 12% in 2013. The biggest driver of that recovery is far and away multifamily housing, a trend reflected in every metro area on the top 20 list. Homebuilding, particularly multifamily construction, continues to lead the larger real estate recovery. The list includes New York, Dallas, Houston, Washington, DC, Atlanta, Los Angeles, Miami, Phoenix, Boston, Denver, Orlando, Seattle, San Francisco, Austin, Tampa, Baltimore and Nashville. [Read this article]
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