Metro area construction contracts rise 28 percent
Construction continues on Monday, June 23, 2014, on a residential complex is being built just north of the Wyandanch train station. Credit: David Reich-Hale
The value of contracts for future construction in the metropolitan area rose 28 percent in June compared with a year ago, as residential activity picked up.
McGraw Hill Construction, an industry information service, reported Thursday that $2.7 billion in contracts for future building was awarded in June for the 23-county region that includes Long Island.
Residential contracts totaled $1.6 billion, a gain of 106 percent, year over year.
Nonresidential contracts, which include offices, hotels, factories and warehouses, fell 19 percent, to $1 billion.
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.
