Saturday, March 3, 2012

CONSTRUCTION CONTRACTS DOWN FROM 1991.(Business)

Byline: James Denn Business writer

Future construction contracts in the Capital District and surrounding counties dropped 42 percent in the first three months of the year compared to the first three months of 1991.

According to F.W. Dodge, a division of McGraw-Hill Inc. that publishes authoritative reports on the construction trade, $83.2 million worth of contracts were signed in 1992's first quarter, compared to $142.92 million in the comparable period a year ago.

Local construction activity bucks the statewide trend. According to the industry trade group's report released Friday, statewide future construction contracts jumped 22 percent in the …

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