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.
Sarra Sounds Off, Season 3, Ep 3: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Northport and Half Hollow Hills East matchup, plus Tess Ferguson has an update on the high school fantasy football standings and Jared Vailuzzi has the plays of the week.
Sarra Sounds Off, Season 3, Ep 3: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Northport and Half Hollow Hills East matchup, plus Tess Ferguson has an update on the high school fantasy football standings and Jared Vailuzzi has the plays of the week.
