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.
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.
