Florida ranks 6th in nation for construction value in 2012

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A new annual report by NAIOP reveals that Florida ranked sixth in the nation for total construction value in 2012, reports Tampa Bay Business Journal.

In Florida, construction spending totaled $1.97 billion and supported 78,274 jobs, according to the report.

Florida’s construction value topped southeast rivals North Carolina, $1.75 billion, and Georgia, $1.58 billion.New York and Texas lead the nation, at $4.80 billion and $4.34 billion, respectively, the newspaper reports.

Total U.S. construction spending for 2012 was $49.18 billion, still far below the pre-recession peak of $89.2 billion in 2007.

In 2012, Florida ranked fourth in retail construction; fifth in office construction; and sixth in warehouse construction.

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