According to Orlando NBC affiliate WESH, the drop in construction costs has led to a building boom and an increase in construction equipment in central Florida.
Since last November, the Florida city of Altamonte Springs has spent $110,000 on 1.5 miles of sidewalk - a project that the news provider says would have cost almost double a year ago. The contractor charged the city $3.70 a square foot for the project, a project that would have cost $6 in 2008.
"So it's a benefit to us, and obviously to the community, stretching our dollar," deputy director of Altamonte Springs public works Shannon White told WESH. "It's a win-win situation for everybody."
An outlook from the American Institute of Architects in January predicted that a drop in construction projects would mean a decreased demand in building material which would cause a drop in prices over the next 12 months.
