Future construction deals skyrocket in Jan.
Two of New Hampshire’s three construction sectors started the year off with a bang when it comes to the value of construction projects scheduled to be built in the coming months.According to figures from industry information service McGraw-Hill Construction, there was a fivefold jump in the value of future contracts for nonbuilding construction — roads, bridges and similar jobs. — in January. The total value at the start of 2011 was $36.9 million — more than five times as much as the $7.1 million reported in January 2010 and some $20 million more than the $16.7 million reported in December 2010.An 86 percent jump in the value of future construction contracts was reported in the nonresidential sector, an increase to $80.6 million in January 2011 as compared to $43.3 million a year earlier. A total of $9.2 million in future nonresidential construction contracts was reported in December 2010.The one disappointment spot was in the residential sector, where contracts totaled $15.2 million in January — 29 percent less than the $21.5 million reported a year earlier.All told, the value of all future construction constricts stood at $132.7 million in January — 84 percent more than the $72 million reported in January 2010. — JEFF FEINGOLD/NEW HAMPSHIRE BUSINESS REVIEW