Continued strength in the value of future nonresidential projects in New Hampshire anchored another overall increase in pending construction contracts signed in September, according to industry information service McGraw-Hill Construction.
McGraw Hill reported that the value of all contracts awarded for future construction in September totaled $128.2 million, 8 percent more than the $118.8 million recorded in August 2013.
For the second month in a row, nonresidential construction projects led the way, totaling $33 million, a rise of 21 percent from the $27.2 million recorded a year earlier.
The continued strength in future nonresidential projects is a reversal from recent trends. Through July, nonresidential deals were down 28 percent from a year ago.
In other sectors, residential construction rose 6 percent in September, to $71.7 million from last September’s $67.7 million.
However, nonbuilding construction contracts – which includes roads, bridges and other infrastructure – fell by 2 percent, totaling $23.4 million from the $23.8 million recorded in September 2013.
So far this year, future construction deals have totaled $1.1 billion, up 4 percent from August 2013.
