N.H. future construction contracts rebound in July

There were substantial increases in anticipated projects in both the New Hampshire nonresidential and nonbuilding sectors, with a somewhat modest decrease in residential construction.


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The total value of future construction contracts in New Hampshire jumped dramatically in two of three sectors in July.

According to data from industry information service McGraw-Hill Construction, there were substantial increases in anticipated projects in both the nonresidential and nonbuilding sectors, with a somewhat modest decrease in residential construction.

The total amount of future construction contracts for July was $160.2 million - 75 percent more than the $91.5 million recorded in July 2011. The total was also 40 percent higher than the $114.3 million total recorded in June 2012.

Nonresidential contracts totaled nearly $59 million in July, an 80 percent increase from a year earlier.

Nonbuilding contracts - for roads, bridges and similar projects -- totaled $63.6 million, nearly 350 percent higher than the $18.4 million recorded a year ago.

In the residential construction sector, future contracts totaled $37.6 million. 7 percent less than the $40.4 million reported in July 2011.

The only construction sector that saw a year-over-year gain in total contracts was residential, which rose 7 percent from $55.3 million in June 2011 to $59.6 million in June 2012.Year to date, the value of future construction contracts stands at $936.4 million, a 9 percent drop from the $998.7 million recorded through July 2011. 

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