NY metro construction contracts fall 13%
The value of contracts for future construction in the metropolitan area fell 13 percent last month compared with a year ago on lower residential activity, a report Wednesday shows.
Dodge Data & Analytics, an industry information service, reported contracts worth $3 billion for all future building were awarded in October in the 23-county region that includes Long Island, down from $3.5 billion in October 2014.
Residential contracts totaled $1.3 billion last month, off 47 percent year over year.
Nonresidential contracts, for commercial properties such as offices, hotels, factories and warehouses, rose 75 percent to $1.7 billion.
Out East with Doug Geed: Wine harvests, a fish market, baked treats and poinsettias NewsdayTV's Doug Geed visits two wineries and a fish market, and then it's time for holiday cheer, with a visit to a bakery and poinsettia greenhouses.
Out East with Doug Geed: Wine harvests, a fish market, baked treats and poinsettias NewsdayTV's Doug Geed visits two wineries and a fish market, and then it's time for holiday cheer, with a visit to a bakery and poinsettia greenhouses.
