Future construction deals increase in January

NH Business Review Staff,

The total amount of contracts reported in January 2007 for future residential, nonresidential and nonbuilding construction in New Hampshire is higher than a year earlier.

According to McGraw Hill Construction of Lexington, Mass., contracts for future residential construction increased by 4 percent, to $68.8 million, in the first month of 2007, compared to $66.3 million in January 2006.

Contracts for future nonresidential construction increased by 126 percent to $66.6 million for January 2007, up from $29.5 million reported for January 2006.

Contracts for future nonbuilding construction, – including such projects as streets, highways and bridges – increased 19 percent, to $5.6 million in January 2007, compared to $4.7 million for January 2006.

Total construction contracts for January 2007 were up 40 percent of January 2006 to $141 million, compared to January 2006 total of $100.4 million. – TRACIE STONE

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