Metro area construction contracts up 23 percent
The value of contracts for future construction in the metropolitan area rose 23 percent in July compared with a year ago as commercial activity picked up.
McGraw Hill Construction, an industry information service, reported on Tuesday that $2.2 billion in contracts for future building were awarded in July for the 23-county region that includes Long Island.
Nonresidential contracts, which include commercial properties such as offices, hotels, factories and warehouses, totaled $1 billion, a gain of 46 percent year over year. Residential contracts rose 8 percent to $1.2 billion.
Out East with Doug Geed: Wine harvests, a fish market, baked treats and poinsettias NewsdayTV's Doug Geed visits two wineries and a fish market, and then it's time for holiday cheer, with a visit to a bakery and poinsettia greenhouses.
Out East with Doug Geed: Wine harvests, a fish market, baked treats and poinsettias NewsdayTV's Doug Geed visits two wineries and a fish market, and then it's time for holiday cheer, with a visit to a bakery and poinsettia greenhouses.
