Newspaper article THE JOURNAL RECORD

Building Pacts Up for Central Area, Decline for State

Newspaper article THE JOURNAL RECORD

Building Pacts Up for Central Area, Decline for State

Article excerpt

Central Oklahoma showed an increase in construction contracts during May, rising 0.6 percent to $59 million from $58.7 million in the area in May 1992, according to the Dodge Local Construction Potentials Bulletin.

Across the state, construction contracts dipped 0.2 percent in May to $166.5 million from $166.9 million in May 1992.

The Dodge report is a monthly publication of the F.W. Dodge division of McGraw-Hill Information Services Co. of New York. It defines the 10-county metropolitan area as Canadian, Cleveland, Grady, Kingfisher, Lincoln, Logan, McClain, Oklahoma, Payne and Pottawatomie counties.

Both central Oklahoma and the state had decreases in construction pacts in May when compared with figures from April. Construction in central Oklahoma in May dropped 42.6 percent from $102.8 million, while construction across the state fell 28.4 percent from $232.5 million.

Both central Oklahoma and the state had increases in construction pacts during the first five months of 1993 from the same period last year.

Construction contracts in central Oklahoma from January to May were up 17 percent to $416.2 million from $356 million in the same period last year. Statewide, building pacts increased 3 percent to $948.6 million during the first five months of 1993 from $920.9 million in the same period of 1992.

Categories are residential, non-residential and non-building construction.

Central Oklahoma and the state had similar building activity in all time periods surveyed in all of the categories. For May 1993 vs. May 1992, residential was the only category that showed an increase. All three areas during May decreased compared with April's figures. The five-month period of 1993 compared with the five-month period of 1992 showed a decrease only in non-residential construction contracts. In central Oklahoma during May, residential construction was up 23 percent to $38 million from $30. …

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