Thursday, July 24, 2014

Home News Dallas-area commercial construction jumps

Dallas-area commercial construction jumps

Commercial contracts up 85% in June

Citybiz Real Estate | August 3, 2011

Contracts for future commercial construction in the Dallas-Fort Worth-Arlington Metropolitan statistical jumped 85 percent this past June when compared to June 2010, according to McGraw-Hill Construction.
 
Non-residential construction contracts tracked by McGraw-Hill's Research and Analytics unit totaled nearly $594 million in June 2011, up 85 percent from $321.5M in June 2010.
 
Perhaps it has something to do with the last month of the quarter. March 2011 showed similar numbers, when non-residential construction contracts totaled $535.3 million, up 82 percent from $275.2M in March 2010.
 
Either way, these jumps have helped Dallas overcome less positive numbers from the first quarter, when future construction contracts fell to $895 from $950 million in 2010, a drop of 6 percent.
 
For the first two quarters of 2011, future construction in the metropolitan statistical area totaled just short of $2.13 billion, an increase of 8 percent over the same six months of 2010.
 
McGraw Hill defines commercial real estate construction as commercial, manufacturing, educational, religious, administrative, recreational, hotel, dormitory and other non-residential buildings.
 

The metropolitan statistical area measured included Dallas-Fort Worth-Arlington, which consists of Collin, Dallas, Delta, Denton, Ellis, Hunt, Johnson, Kaufman, Parker, Rockwall, Tarrant and Wise in Texas. 

Top news

California imposing mandatory water restrictions

Under the new regulations, nurseries in some districts will only be permitted to water between midnight and 6 a.m.

Leaf spot plagues Florida crape myrtles

The bacterial leaf spot has shown up only in commercial nursery settings.

Darwin Perennials acquires perennial production location from Aris Horticulture

Aris will cease distribution to focus on Green Leaf Plants liner production in Lancaster, Pa.

SePRO debuts Rycar insecticide

Rycar has a unique mode of action and is not a neonicotinoid.

USDA identifies stink bug attractant

This discovery opens the door to development of traps and technologies that should help keep the invasive pest out of nurseries and gardens.