Advertisement
YOU ARE HERE: LAT HomeCollections

BRIEFLY

Contracts for new construction rose 1% in May.

June 27, 1985

The F. W. Dodge division of McGraw-Hill Information Systems reported that contracts were valued at a record annual rate of $228 billion. Residential construction rose 3% to a seasonally adjusted annual rate of $103.3 billion, while non-residential building rose 2% to $83.9 billion. Public works construction declined 7% to an annual rate of $40.8 billion. The statistics gathered by Dodge are from awarded contracts. They measure the value of newly started projects that will be completed over the next several months.

Advertisement
Los Angeles Times Articles
|
|
|