Metro area construction contracts up 9 percent
The value of contracts for future construction in the metropolitan area rose 9 percent in November compared with a year ago on higher residential activity, according to a report.
Dodge Data & Analytics, an industry information service, reported last week that contracts worth $2.3 billion for all future building were awarded in November in the 23-county region that includes Long Island, up from $2.1 billion in November 2014.
Residential contracts totaled $1.5 billion in November, a 19 percent increase year over year.
Nonresidential contracts, for commercial properties such as offices, hotels, factories and warehouses, fell 7 percent to $814 million.
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.
