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Home > About BNE > Press Room > Current Articles > July > WNY construction jumps 77%

                                                      

WNY construction jumps 77%

Business First of Buffalo

                                                                                             

The construction boom continues in Western New York, according to a report issued Tuesday morning by McGraw-Hill Inc.

Contracts for future construction in Erie and Niagara counties totaled $157.95 million in June, running 77 percent ahead of $89.29 million in the same month a year ago.

The increase was driven by the nonresidential sector, which registered a gain of 204 percent between June 2007 and June 2008. Nonresidential projects include shopping plazas, industrial plants, office buildings, schools and churches.

Residential construction dropped 22 percent during the same one-year period.

The sharp overall increase in June was the latest in a series of upbeat months for Western New York's construction industry.

A total of $766.28 million of contracts were signed in the first six months of this year in Erie and Niagara counties, up 77 percent from $433.53 million in the first half of 2007.

That's a marked contrast with the results a year ago. Local contractors generally found 2007 to be disappointing, as evidenced by last year's 9 percent decline in local construction activity.