New Residential Construction Gains Momentum into Q2 2014

SALEM, Va., June 19, 2014 /PRNewswire/ -- Carter Machinery, a Caterpillar construction equipment dealer with 18 locations in the Commonwealth, recently released a comprehensive analysis of building permits issued in the southeast United States.

The data highlights top grossing counties across Virginia, West Virginia, Alabama, Kentucky, Mississippi, Tennessee, South Carolina, North Carolina, Georgia and Florida. Counties were ranked based on the value of permits issued for the first quarter of 2014, listing the top five counties for each state.

Despite a lackluster economy in Q1, new building projects continue to surge in the southeast as single- and multifamily home development expand in the most populous areas of the nation. In the first quarter alone, private residential construction increased 16% over the last year, renewing confidence in the real estate and construction sector.

The top five counties leading the southeast in new construction were Miami-Dade County (Florida), Hillsborough County (Florida), Orange County (Florida), Wake County (NC), and Fulton County (GA). Florida was the single state with the largest construction growth, with over $2.2 billion spent in construction for the top 5 counties alone.

To view the full report, please visit: http://www.cartermachinery.com/company/construction-report/

About Carter Machinery
Since 1952, Carter Machinery has had a hand in the success of numerous construction, mining, forestry, and industrial operations throughout their assigned territories. Carter has grown to be one of the leading Caterpillar dealers in the U.S. with over 20 locations and 1,100 employees, spanning their Earthmoving, General Construction, and Power Systems Divisions.

Media Contact: Ryan Shevin , (540) 384-0863, [email protected]

SOURCE Carter Machinery

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