Cities with the most new construction
A recent rebound in home sales in Phoenix - and more modestly in home prices - has spurred talk of a recovery. Turns out that budding rebound extends out into overall construction, too. In 2011, the Phoenix metro area welcomed a 41% increase in new construction, totaling $5.3 billion in new starts for both residential and non-residential building projects. "In the case of markets that were categorized by the housing boom and bust, that [construction] correction has already occurred," explains Robert Murray, vice president of economic affairs at McGraw-Hill Construction, a construction data firm. "Now areas like Phoenix are in the process of seeing an upturn in new structures - that aren't even necessarily housing."
Read article - MSNBC
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