Metro area construction contracts down 43% in March, report says
Construction continues on the Copiague Commons mixed-income community in Copiague on Wednesday, April 5, 2017. Credit: Newsday / John Paraskevas
The value of contracts for future construction in the metropolitan area fell 43 percent in March compared with a year earlier as both nonresidential and residential activity dropped.
Dodge Data & Analytics, an industry information service, reported Thursday that contracts worth $2.2 billion for future building were awarded last month for a 23-county region centered on New York City that includes Long Island. That’s down from $3.8 billion in March 2016.
Nonresidential contracts for commercial properties such as offices, hotels, factories and warehouses declined 45 percent to $951 million.
Residential contracts totaled $1.2 billion, down 40 percent year over year.
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.
