Drop-off in road and bridge projects dampens N.H.’s future construction picture

The total value of future construction contracts in New Hampshire fell 2 percent in January 2013 from the same month the previous year, but activity continued to climb in two construction sectors over that period
Shutterstock

The total value of future construction contracts in New Hampshire fell 2 percent in January 2013 from the same month the previous year, but activity continued to climb in two construction sectors over that period.

Future construction contracts in New Hampshire totaled $81.3 million in January 2013, down from the $83.1 million recorded in January 2012, according to industry information service McGraw Hill Construction.

That 2 percent drop was mostly attributable to the huge year-over-year plunge in nonbuilding contracts – projects such as roads, bridges and other infrastructure – which fell 35 percent, to $37.3 million in January from the $57.9 million recorded in January 2012.

On the brighter side, the total value of residential and nonbuilding contracts both rose year over year.

Nonresidential construction contracts totaled $21 million in January 2013, up 97 percent from the $10.7 million recorded a year earlier, while residential contracts rose 58 percent year over year, from $14.5 million in January 2012 to $22 million in January 2013.

The total value of future construction contracts in New Hampshire fell 2 percent in January 2013 from the same month the previous year, but activity continued to climb in two construction sectors over that period.

Future construction contracts in New Hampshire totaled $81.3 million in January 2013, down from the $83.1 million recorded in January 2012, according to industry information service McGraw Hill Construction.

That 2 percent drop was mostly attributable to the huge year-over-year plunge in nonbuilding contracts – projects such as roads, bridges and other infrastructure – which fell 35 percent, to $37.3 million in January from the $57.9 million recorded in January 2012.

On the brighter side, the total value of residential and nonbuilding contracts both rose year over year.

Nonresidential construction contracts totaled $21 million in January 2013, up 97 percent from the $10.7 million recorded a year earlier, while residential contracts rose 58 percent year over year, from $14.5 million in January 2012 to $22 million in January 2013.

Categories: News, Real Estate & Construction

Comments

comments