Newspaper article THE JOURNAL RECORD

State Construction Pacts Mark Lowest February of 1980s

Newspaper article THE JOURNAL RECORD

State Construction Pacts Mark Lowest February of 1980s

Article excerpt

Oklahoma construction contracts dropped last month to the lowest levels for a February of the 1980s, according to the F. W. Dodge Local Constuction Potentials report.

Total construction contracts in the state were reported to be $84.2 million, down 43.3 percent from $148.6 million in February 1986.

In central Oklahoma, total construction contracts were reported at $39.5 million, a 28 percent drop from $54.9 million in February of last year.

Residential construction statewide and in the seven-country central Oklahoma area also were down about the same percentage.

The Dodge report for central Oklahoma includes Canadian, Cleveland, Grady, Kingfisher, Lincoln, Logan, McClain, Oklahoma, Payne and Pottawatomie counties.

All these figures continued a three-year drop in contracts from the peak year of 1984 for all construction in the state and central areas.

Contracts were up from last year in only four categories - statewide public building construction and health care facility construction plus central Oklahoma contracts for health care and non-building facilities.

Non-building contracts, which include streets, highways, water projects, utilities and airports, were reported at $10 million in central Oklahoma for February, up 75.2 percent from the $5.7 million of February last year.

Other than these categories, construction contracts were down throughout the state and region.

Residential contracts reached lows both statewide and in central Oklahoma.

Statewide, residential construction contracts were reported to be $44.1 million. These were:

- The lowest statewide February totals of the decade. …

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