Future construction contracts up in July.While once again July July: see month. contracts for future residential and nonresidential Adj. 1. nonresidential - not residential; "the commercial or nonresidential areas of a town"; "community colleges are typically nonresidential"
residential - used or designed for residence or limited to residences; "a residential hotel"; "a residential quarter"; "a construction in New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). were below the amount reported in July 2006, there was a sizable siz·a·ble also size·a·ble
Of considerable size; fairly large.
siza·ble·ness n. increase in the total value of nonbuilding projects.
According to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. McGraw Hill Construction of Lexington, Mass., contracts for future residential construction fell 20 percent to $92 million in July 2007, compared to $114.9 million in July 2006.
Contracts for future nonresidential construction decreased by 7 percent, falling to $69.5 million in July 2007, compared to the S74.4 million reported in July 2006.
McGraw Hill reported that contracts for future nonbuilding construction--including such projects as streets, highways and bridges--increased by more than 350 percent to 128.1 million in July 2007, compared to $28 million in July 2006.
Total future construction contracts for July 2007 increased by 33 percent to $289.5 million compared to $243.3 million reported for July 2006.
Year-to-date Year-to-date (YTD)
The period beginning at the start of the calendar year up to the current date. future nonresidential construction contracts through July 2007 were $420.! million, or 12 percent lower than the $479.2 million reported for the same period last year.
Year-to-date future residential contracts totaled $587.3 million, or !! percent below last year's numbers of $656.4 million.
Future nonbuilding construction contracts of $321.2 million up to July 2007 were 30 percent higher than the $2472 reported for the same time period last year.
In total, all future construction contracts through July 2007 were $1.3 billion, or 4 percent below the $1.4 billion reported through July 2006.