Dive summary:
- McGraw Hill Construction projects a 12% increase this year over 2012 in the total spent on all types of building construction, which means no public works or utility projects are included, and the company has compiled a list of the top 20 areas for spending from New Year's through the end of May.
- New York City led the list with $8.5 billion in work getting underway in the period, and the states of Texas, California and Florida each had three metro areas on it.
The top 20, along with money spent on construction starts in 2013, are:
- New York -- $8.5 billion
- Dallas -- $5.2 billion
- Houston -- $4.8 billion
- Washington D.C. -- $4.6 billion
- Atlanta -- $3.6 billion
- Los Angeles -- $3.2 billion
- Miami -- $2.8 billion
- Phoenix -- $2.6 billion
- Boston -- $2.6 billion
- Chicago -- $2.4 billion
- Denver -- $2.2 billion
- Orlando, Fla. -- $2.2 billion
- Seattle -- $2.1 billion
- San Francisco -- $2 billion
- Austin, Texas -- $1.8 billion
- Tampa, Fla. -- $1.7 billion
- Baltimore -- $1.6 billion
- San Jose, Calif. -- $1.6 billion
- Nashville, Tenn. -- $1.5 billion
- Philadelphia -- $1.5 billion
From the article:
We looked at the dollar amount of new construction starts, or projects where ground has been broken and work begun, for structures that fall under the “Total Building” umbrella. ...
