Metro area construction contracts rise 28 percent

Construction continues on Monday, June 23, 2014, on Construction continues on Monday, June 23, 2014, on a residential complex is being built just north of the Wyandanch train station. Photo Credit: David Reich-Hale

advertisement | advertise on newsday

The value of contracts for future construction in the metropolitan area rose 28 percent in June compared with a year ago, as residential activity picked up.

McGraw Hill Construction, an industry information service, reported Thursday that $2.7 billion in contracts for future building was awarded in June for the 23-county region that includes Long Island.

advertisement | advertise on newsday

Residential contracts totaled $1.6 billion, a gain of 106 percent, year over year.

Nonresidential contracts, which include offices, hotels, factories and warehouses, fell 19 percent, to $1 billion.

The latest LI business news in your inbox daily. Get the Biz Briefing newsletter!

You also may be interested in: