Residential contracts for future construction rose 24 percent in January in the 12-county North Texas area, which includes Tarrant County, according to McGraw-Hill Construction.
They totaled $494 million, compared with $399.5 million in January 2011. Residential buildings include single-family houses, duplexes and apartments.
Future contracts in the nonresidential category, which includes commercial, manufacturing and school buildings, dropped 33 percent, to $172.6 million in January, from $257.9 million a year ago.
In Texas, future residential contracts totaled $1.4 billion in January, up 17 percent from January 2011. Nonresidential contracts statewide were down 14 percent, to $846.5 million from $982.6 million in January 2011.
Read more...Residential contracts for future construction up sharply in North Texas via star-telegram.com
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