Value of construction contracts falls

first_imgVermont and New Hampshire have seen the value of construction contracts diminish as federal stimulus money has been mostly spent. This is most evident with road and bridge construction, which was at a very high level a year ago. In Vermont, commercial building has suffered significantly as well, down 81 percent for the month of May and 87 percent for the year-to-date. Meanwhile, somewhat surprisingly, Vermont residential construction has rebounded, up 27 percent for May and 37 percent for the year. The total value of Vermont construction contracts for the year, which is a reflection of future building, was $208,287,000, down 61 percent from last year’s $535,994,000.New Hampshire has seen most of its numbers in total also go down, but it is showing more strength than Vermont in both commercial (up 66 percent) and residential (up 48 percent) for the year. The New Hampshire total for the year was $658,526,000, down 36 percentlast_img

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