Metro area construction contracts up 25 percent, new report says
The value of contracts for future construction in the metropolitan area rose 25 percent in May compared with a year ago, as commercial activity picked up in all sectors.
McGraw Hill Construction, an industry information service, reported that $1.9 billion worth of contracts for future building were awarded in May for the 23-county region that includes Long Island.
Residential contracts totaled $875 million, a gain of 25 percent, year over year. Nonresidential contracts, which include offices, hotels, factories and warehouses, were also up 25 percent, to $1 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.
