According to the latest data from McGraw Hill Construction, San Diego County’s contract for future construction rose 30 percent in value for the first nine months of 2014 compared with the same year-ago period. From January – September period California as a whole saw overall project volume dip 4 percent approximately $37.4 billion. Also, residential contracts were up 5 percent, non-residential projects rose 9 percent from a year ago, and non-building projects, such as roads and bridges, declined 24 percent.
Excerpts from the Article:San Diego County’s contracts for future construction rose 30 percent in value for the first nine months of 2014 compared with the same year-ago period, topping $3.2 billion, according to the latest data from McGraw Hill Construction. Non-residential contracts totaled more than $2.4 billion, doubling the figure for January-September 2013, while residential projects declined 38 percent, to $815.4 million. The non-residential category includes educational, healthcare, government, office, hotel, retail and other commercial projects. Residential projects include single-family and multifamily housing.
Citation and link:
Hirsh, Lou. “County Construction Contracts Up 30 Percent in First 9 Months.” San Diego Business Journal., 29 Oct. 2014 Web. 03 Nov. 2014.