Future N.H. construction contracts rise in August
The value of contracts for future residential and nonbuilding construction in New Hampshire increased in August — signs that the New Hampshire construction industry may be emerging from its torpor.
According to industry information service McGraw-Hill Construction, the total value of residential projects in August stood at $41.59 million, 7 percent more than the $38.76 million reported a year earlier.
Nonbuilding contracts — for roads, bridges and other infrastructure — stood at $47.21 million, more than five times the $8.46 million reported in August 2008.
But future nonresidential construction contracts totaled $52.12 million in August, 32 percent less than the $76.69 reported a year earlier.
All told, August 2009 contracts for future construction in New Hampshire totaled $140.93 million, 14 percent more than the $123.92 million reported a year earlier.
So far in 2009, thanks in large part to federal stimulus spending, future construction contracts total $1.40 billion, 8 percent more than the $1.29 billion reported through August 2008. — JEFF FEINGOLD/NEW HAMPSHIRE BUSINESS REVIEW