County Construction Contracts Down 10 Percent This YearThursday, November 1, 2012
Contracts for future construction in San Diego County were down 10 percent in the first nine months of 2012, compared with the same period a year ago, according to McGraw-Hill Construction.
A total of just over $2.44 billion in contracts were filed locally in the January-September period, including residential and nonresidential projects. Residential contracts rose 9 percent from the year-ago period, to $853.5 million, while nonresidential contracts dropped 18 percent, to just over $1.58 billion.
The state of California saw overall contracts drop 11 percent in the first nine months of the year, to just over $32.7 billion, the data provider reported. Residential contracts were up 30 percent statewide, while nonresidential projects were down 11 percent.