MANATEE ? The southern states ? Florida and Texas in particular ? are leading the country in the amount of new commercial construction under contract that has yet to be completed.
Although most of the U.S. continues to see weakness in its building industry, new home development is on the rise in the Sunshine State ? including the Manatee-Sarasota area ? largely because of shortages in existing housing inventory.
The South recorded the highest amount of pending construction work in the nation during the first quarter of 2012, a trend fanned largely by increases in new home permit activity, which also drove a resurgence in the commercial sector, according to a new report released Tuesday.
Read more here: http://www.bradenton.com/2012/05/16/4040473/construction-in-manatee-county.html#storylink=cpy
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