Metro area contracts for future construction up 43%
Construction of a Memorial Sloan Kettering facility hub next to the Nassau Coliseum, Oct. 19, 2017. Credit: Johnny Milano
The value of contracts for future construction in the metropolitan area rose 43 percent in September compared with a year earlier, as both nonresidential and residential activity increased by about the same amount.
Dodge Data & Analytics, an industry information service, reported Thursday that contracts worth $8.8 billion for future building were awarded last month for a 23-county region centered on New York City that includes Long Island. That’s up from $6 billion in September 2016.
Last month, nonresidential contracts for commercial properties such as offices, hotels, factories and warehouses climbed 43 percent to $7 billion, year over year.
Residential contracts totaled $1.7 billion, a gain of 47 percent from September 2016.
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.
