San Diego Business Journal

Local Construction Contracts Up 17 Percent This Year

By Lou Hirsh Monday, July 2, 2012

San Diego County contracts for future construction were up 17 percent from a year ago in the first five months of 2012, according to data reported June 29 by McGraw-Hill Construction.

Year to date construction activity, including residential and nonresidential building, totaled more than $1.47 billion from January to May, compared with $1.26 billion in the year-ago period.

Nonresidential activity rose 33 percent in the first five months, to just over $1 billion. Residential construction declined 13 percent, to approximately $394.5 million.

During the month of May, total construction contracts were down 48 percent from a year ago, to $255.8 million. Nonresidential activity declined 49 percent and residential building dropped 43 percent, according to New York-based McGraw-Hill.

California activity overall was up 28 percent in May, but down 13 percent year-to-date.