Metro area construction contracts fall 32 percent, report says
The value of contracts for future construction in the metropolitan area dropped 32 percent in February compared with a year ago, according to a new report.
Dodge Data & Analytics, an industry information service, reported Thursday that contracts worth $2.5 billion for all future building were awarded last month in the 23-county region that includes Long Island, down from $3.7 billion in February 2015.
Nonresidential contracts, for commercial properties such as offices, hotels, factories and warehouses, totaled $1 billion in February, a 42 percent decrease year over year.
Residential contracts dropped 23 percent to $1.5 billion.
Sarra Sounds Off Ep. 35: EI baseball, girls lacrosse and plays of the week On the latest episode of "Sarra Sounds Off," we look at East Islip baseball's inspirational comeback story, Jared Valluzzi has the plays of the week and Tess Ferguson breaks down the top defensive players in girls lacrosse.
Sarra Sounds Off Ep. 35: EI baseball, girls lacrosse and plays of the week On the latest episode of "Sarra Sounds Off," we look at East Islip baseball's inspirational comeback story, Jared Valluzzi has the plays of the week and Tess Ferguson breaks down the top defensive players in girls lacrosse.
