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Metro area construction contracts up 5% in February

The value of contracts for future construction in the metropolitan area climbed 5 percent last month compared with a year ago on higher commercial activity.

Dodge Data & Analytics, an industry information service, reported Thursday that contracts worth $3 billion for future building were awarded in February in the 23-county region that includes Long Island, up from $2.7 billion in February 2014.

Nonresidential contracts, for commercial properties such as offices, hotels, factories and warehouses, totaled $1.3 billion last month, up 37 percent year over year.

Residential contracts dropped 13 percent to $1.5 billion.

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