According to McGraw-Hill Construction data, new construction for the entire country was up 10 percent in 2012 and is projected to climb another 12 percent in 2013.
Using building data for the nation’s Metropolitan Statistical Areas (MSAs), McGraw-Hill determined the 20 places where the most money has been spent so far this year on new construction (from January through May, 2013). The determining factor was 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. Total building includes single-family home construction, multifamily home construction, office space, retail space, warehouses, healthcare facilities, educational buildings, manufacturing plants and research facilities. Money spent on public works projects and electric utility construction was not factored in.
Here's the list of the top 20 metros with new construction spending: