Metro area construction contracts jump in August
The value of contracts for future construction in the metropolitan area rose 105 percent in August compared with a year earlier, as both nonresidential and residential activity increased.
Dodge Data & Analytics, an industry information service, reported this week that contracts worth $5.9 billion for future building were awarded last month for a 23-county region centered on New York City that includes Long Island. That’s up from $2.9 billion in August 2016.
Last month, nonresidential contracts for commercial properties such as offices, hotels, factories and warehouses climbed 188 percent to $4.1 billion, year over year.
Residential contracts totaled $1.8 billion, a gain of 25 percent from August 2016.
'A million years isn't enough' NewsdayTV goes behind the scenes of the day Rex Heuermann was sentenced for the Gilgo killings.
'A million years isn't enough' NewsdayTV goes behind the scenes of the day Rex Heuermann was sentenced for the Gilgo killings.
