San Diego County’s contracts awarded for future construction rose 42 percent in value from a year ago in the first seven months of 2014, according to the latest data from McGraw Hill Construction.
The total value of nonresidential and residential projects topped $2.93 billion in the January-to-July period, up from $2.06 billion in the year-ago period. Nonresidential projects reached nearly $2.3 billion in value, more than doubling the year-ago figure, while residential projects were down 40 percent, at $640.1 million.
Nonresidential projects include government, education, office, retail, manufacturing and other commercial buildings. The residential category includes single- and multi-family housing.
The state of California saw essentially no change from a year ago in total contract values, at $29.45 billion for the first seven months of 2014. The state’s nonresidential contracts were up 30 percent and residential projects rose 7 percent, with non-building projects – such as roads and bridges – down 31 percent.