• News
  • SAN DIEGO
  • Construction

April brings little change with future building contracts

Related Special Reports

The value of new building construction contracts procured in San Diego County through April was virtually unchanged from the same month a year ago, according to the latest numbers released by Dodge Data & Analytics.

Dodge, which compiles monthly reports on the industry, reported on Thursday a mix of news for April, with the metropolitan statistical area of San Diego-Carlsbad-San Marcos showing a slight year-over-year gain in new nonresidential contract values, but a roughly equal year-over-year drop in residential contracts. The net result was a 1 percent gain in overall activity for the month.

The slight gain helped to modestly close the deficit shown last month in year-to-date comparisons, but the county is still 48 percent short of where it stood at this time in 2014.

Diving into the numbers, the 6 percent increase in nonresidential activity in April came through $123.97 million in newly procured building construction contracts, compared to about $116.9 million in contracts in April 2014. The slightly bigger 7 percent decline in residential activity didn't outweigh the increase in nonresidential activity because the numbers were based on a smaller 2014 baseline for April of $64.7 million in procured contracts. This April, the county produced $60.19 million in new residential contracts.

Year-to-date, the county has produced about $808.8 million in contracts, including contracts for both residential and nonresidential buildings. By this time in 2014, more than $1.55 billion in contracts had been produced.

User Response
0 UserComments