Building contract value rises 13% in NY metro area
The value of contracts for future construction in the metropolitan area rose 13 percent last month compared with a year ago on higher residential activity.
Dodge Data & Analytics, an industry information service, Thursday reported contracts worth $2.2 billion for all future building were awarded in September in the 23-county region that includes Long Island, up from $1.9 billion in September 2014.
Residential contracts totaled $965 million last month, up 44 percent year over year.
Nonresidential contracts, for commercial properties such as offices, hotels, factories and warehouses, fell 3 percent to $1.2 billion.
Sarra Sounds Off, Season 3, Ep 3: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Northport and Half Hollow Hills East matchup, plus Tess Ferguson has an update on the high school fantasy football standings and Jared Vailuzzi has the plays of the week.
Sarra Sounds Off, Season 3, Ep 3: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Northport and Half Hollow Hills East matchup, plus Tess Ferguson has an update on the high school fantasy football standings and Jared Vailuzzi has the plays of the week.
