Metro area construction contracts surge to $5.6 billion in June
Mill Creek Residential Trust's 275-unit rental apartment building in Mineola, seen under construction on Old Country Road on Dec. 4, 2014. Credit: Steve Pfost
The value of contracts for future construction in the metropolitan area rose 99 percent in June compared with a year ago on a surge in commercial activity.
Dodge Data & Analytics, an industry information service, reported contracts worth $5.6 billion for future building were awarded last month in the 23-county region that includes Long Island, up from $2.8 billion in June 2014.
Nonresidential contracts, for commercial properties such as offices, hotels, factories and warehouses, totaled $2.3 billion last month, up 105 percent.
Residential contracts rose 95 percent to $3.3 billion.
Fighting sex trafficking ... Drop in ICE arrests on LI ... School supply sticker shock ... Heavy rain in store
Fighting sex trafficking ... Drop in ICE arrests on LI ... School supply sticker shock ... Heavy rain in store
