New York metro area construction contracts up 55 percent in January
The value of contracts for future construction in the metropolitan area climbed 55 percent in January compared with a year ago on higher residential activity, according to a new report.
Dodge Data & Analytics, an industry information service, reported this week that contracts worth $3.4 billion for all future building were awarded last month in the 23-county region that includes Long Island, up from $2.2 billion in January 2015.
Residential contracts totaled $2 billion in January, a 76 percent increase year over year.
Nonresidential contracts, for commercial properties such as offices, hotels, factories and warehouses, rose 31 percent to $1.4 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.
