Expected residential construction boosts NY metro contracts value in October, analyst says
The value of contracts for future construction in the metropolitan area increased in October compared with a year ago as residential activity soared.
Dodge Data & Analytics, an industry information service, reported Tuesday that contracts worth $3.1 billion for future building were awarded in October for the 23-county region that includes Long Island. Contracts totaled $1.9 billion in October 2013.
Nonresidential contracts, which include commercial properties such as offices, hotels, factories and warehouses, totaled $995 million, down 6 percent year over year. Residential contracts more than doubled to $2.1 billion, said Dodge, which used to be called McGraw Hill Construction.
Sarra Sounds Off Ep 36: Champs crowned in lax and flag football On the latest episode of "Sarra Sounds Off," Gregg talks with Michael Sicoli and Tess Ferguson about county champs crowned in boys and girls lacrosse, and Jared Valuzzi reports on the Long Island flag football championship.
Sarra Sounds Off Ep 36: Champs crowned in lax and flag football On the latest episode of "Sarra Sounds Off," Gregg talks with Michael Sicoli and Tess Ferguson about county champs crowned in boys and girls lacrosse, and Jared Valuzzi reports on the Long Island flag football championship.
