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.