NHBR Article

Future residential construction gains in N.H.

Tuesday, July 27, 2010

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Future residential and nonresidential construction in New Hampshire continued at a strong clip in June, with combined contracts almost tripling in amount from last year's levels.

Future nonbuilding contracts -- for projects like roads and bridges -- were 34 percent lower last May's stimulus-fueled numbers.

According to figures from industry information service McGraw-Hill Construction, the total value of future residential construction contracts was $96.9 million, almost $50 million more than both the $47.9 million reported in June 2009 and the $47.9 million reported in May 2010.

Nonresidential construction contracts totaled $96.9 million in June, almost $78 million more than the $18.9 million reported a year earlier, but down some $6 million from the $102.8 million reported in May 2010.

Nonbuilding contracts totaled $19.1 million, about $9 million lower than last year's $28.8 million and some $25 million less than the $44.6 million reported in May.

Thus far in 2010, a total of $869.6 million in total construction contracts have been reported -- 23 percent less than the stimulus fueled $1.12 billion reported a year earlier. -- JEFF FEINGOLD/NEW HAMPSHIRE BUSINESS REVIEW

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