Dive Brief:
-
Commercial construction in New York City exceeded $20 billion in 2014, according to an analysis of U.S. Census data by Construction Global, a digital magazine.
-
In Dallas and Houston, construction spending topped $11.1 billion for the year. And Los Angeles and Miami exceeded $6 billion in commercial construction projects, the publication said.
-
Infrastructure projects like airport expansions and highway improvements are boosting construction coffers, the report said.
Dive Insight:
The positive report on commercial construction followed last week’s news from the Commerce Department that construction spending industry-wide fell 0.1% in February, dragged down by single-family homebuilding, which dipped for the second consecutive month.
