Construction contracts climb 13 percent in NY metro area
The value of contracts for future construction in the New York metropolitan area climbed 13 percent last month compared with a year ago on higher residential activity.
Dodge Data & Analytics, an industry information service, reported Thursday contracts worth $3 billion for future building were awarded in March in the 23-county region that includes Long Island, up from $2.8 billion in March 2014.
Nonresidential contracts, for commercial properties such as offices, hotels, factories and warehouses, totaled $1.4 billion last month, up 2 percent year over year.
Residential contracts rose 23 percent to $1.8 billion.
Out East Show: Visit The Shamrock evergreen maze, Sannino Vineyard, Seven Ponds Orchard and the Warrior Ranch Foundation NewsdayTV's Doug Geed is heading 'Out East' to showcase the ultimate local spots you need to explore.
Out East Show: Visit The Shamrock evergreen maze, Sannino Vineyard, Seven Ponds Orchard and the Warrior Ranch Foundation NewsdayTV's Doug Geed is heading 'Out East' to showcase the ultimate local spots you need to explore.
