Metro construction contracts up 13% in March: Report
The value of contracts for future construction in the metropolitan area rose 13 percent in March compared with a year ago, according to a new report.
Dodge Data & Analytics, an industry information service, reported Thursday that contracts worth $3.7 billion for all future building were awarded last month in the 23-county region that includes Long Island, up from $3.3 billion in March 2015.
Nonresidential contracts, for commercial properties such as offices, hotels, factories and warehouses, totaled $1.7 billion in March, a 17 percent increase year over year.
Residential contracts climbed 10 percent to $2 billion.
Things to do now on LI Rock climbing? Indoor beach volleyball? Water parks? Arts and crafts? NewsdayTV's Elisa DiStefano and Newsday deputy lifestyle editor Meghan Giannotta have your look at ways to spend your winter break.
Things to do now on LI Rock climbing? Indoor beach volleyball? Water parks? Arts and crafts? NewsdayTV's Elisa DiStefano and Newsday deputy lifestyle editor Meghan Giannotta have your look at ways to spend your winter break.
