County Construction Contracts Rose 9 Percent in Early 2013Thursday, March 28, 2013
San Diego County contracts for future construction grew 9 percent in the first two months of 2013 compared with the same period a year ago, according to new data from McGraw-Hill Construction.
The value of nonresidential and residential projects combined was more than $620.5 million in the January-February period, with the nonresidential category accounting for all of the net year-over-year growth.
The nonresidential category, including commercial, education and administrative projects, rose 30 percent from a year ago, to just over $507.2 million. The residential segment, including single-family and multifamily projects, dropped 36 percent, to $113.2 million.
California’s total construction projects were down 35 percent year-over-year, to just over $5.28 billion, according to McGraw-Hill.
— SDBJ Staff Report