San Diego County Construction Contracts Down 28 Percent in First Five MonthsFriday, June 28, 2013
San Diego County contracts for future construction in the first five months of 2013 were down 28 percent from the same period a year ago, according to newly released data from New York-based McGraw Hill Construction.
The local region posted a total of just over $1.24 billion in residential and nonresidential project contracts in the January-to-May period. Nonresidential projects dropped 44 percent, to $721.5 million, while residential contracts rose 17 percent, to $522.8 million.
Nonresidential projects include educational, administrative, recreational, hotel, manufacturing and other commercial buildings. The residential category covers one- and two-family houses as well as apartments.
The state of California saw overall projects rise 5 percent in the first five months, to more than $19.8 billion. Nonresidential contracts declined 15 percent from a year ago, while residential projects increased 24 percent.
Non-building projects, including roads and bridges, were up 11 percent from a year ago statewide.
— SDBJ Staff Report