MGC Reports Decline in Future Nonresidential Construction Contracts in D.C. Area

McGraw-Hill Constructionreports that January contracts for future nonresidential construction in the metropolitan statistical area of Washington-Arlington-Alexandria declined significantly over January 2012. According to the Research and Analytics unit of McGraw-Hill Construction, the latest month's nonresidential construction activity in Washington-Arlington-Alexandria followed this pattern:

20132012Percent Change$237,784,000$354,796,000-33

McGraw-Hill Construction also reported that January contracts for future nonresidential construction in the District of Columbia declined as well, as follows:

20132012Percent Change$51,183,000$100,510,000-49

For this report, nonresidential buildings include commercial, manufacturing, educational, religious, administrative, recreational, hotel, dormitory and other buildings.

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