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According to the Real Deal Miami, the pandemic has taken giant bites out of construction starts in both residential and non-residential segments of the market. The fresh data comes from Dodge Data & Analytics, which charts starts in nonresidential construction down by 47% to $262.7 million in March, year-over-year. On the residential side, the loss is 57%. Overall, building construction fell 53% to $561 million in March, compared to March 2019.

Nonresidential buildings include office, retail, hotels, warehouses, manufacturing, educational, healthcare, religious, government, recreational. Residential buildings include single-family and multifamily housing.

Construction is still deemed an essential business in Florida and is allowed to continue, but some contractors have said that they are experiencing issues finding subcontractors and getting supplies. Some projects in the early stages of planning are now delayed as a result of coronavirus. Two large Miami Beach projects were ordered to suspend construction in early April after failing to comply with CDC guidelines.

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