Future construction pace slows in Nov.



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The total value of future construction projects scheduled to be built in New Hampshire slowed considerably in November 2010. According to figures from industry information service McGraw-Hill Construction, there was a 52 percent drop in nonbuilding projects -- roads, bridges and similar jobs -- from October 2010. The total value of future projects in November was $19.8 million, almost $22 million less than the $41.4 million in projects reported in October. There was softness in the nonresidential sector as well, with $31.7 million in future projects reported in November, 2 percent less than the $32.4 million reported in October. The one bright spot was in the residential sector, with $46.6 million in future project reported in November, 22 percent higher than the $38 million reported a month earlier. Overall, the total value of contracts reported in November 2010 was $98.1 million, 12 percent less than the $111.9 million reported in October. Through the first 11 months of 2010, a total of $1.94 billion in future construction contracts has been reported, 5 percent more than the $1.84 billion reported in the same period a year earlier. -- JEFF FEINGOLD/NEW HAMPSHIRE BUSINESS REVIEW

 

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