Construction contracts here rise 38% in April, new report says - LancasterOnline: Local Business

Construction contracts here rise 38% in April, new report says

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Posted: Thursday, May 22, 2014 11:46 am | Updated: 11:07 am, Fri Jun 27, 2014.

Construction contracts in Lancaster County jumped 38 percent in April, the data firm McGraw Hill Construction reported Thursday.

Contracts signed that month for future building construction rose to $65.5 million compared to $47.3 million in April 2013.

The new numbers mean contracts here continued to rally from three years of doldrums, a good sign for the local economy.

April’s gains mean contracts have increased in five of the past six months, according to newspaper records.

In what has been a rarity in recent years, both residential and nonresidential contracts improved for the month.

Residential contracts grew 40 percent to $33.7 million from $24.1 million a year earlier.

Boosting this category was a $16.7 million contract to renovate the former Lancaster Press building downtown into housing.

Nonresidential contracts were up 37 percent to $31.8 million from $23.2 million in April 2013.

Lifting this category was a $30 million contract for the expansion of the Armstrong World Industries floor plant on Dillerville Road.

April’s upturn kept the year-to-date totals well ahead of the comparable 2013 period, the McGraw Hill report shows.

Total contracts were $288.0 million, more than triple the $93.1 million seen in the January through April period last year.

Again, both categories posted larger results in the opening four months of 2014.

Residential contracts increased 5 percent to $65.0 million from $61.7 million in the January through April period of 2013.

Nonresidential contracts soared seven-fold to $223.0 million from $31.4 million.

That was fueled by contracts to construct e-commerce fulfillment centers for Urban Outfitters near Gap and for Nordstrom near Elizabethtown.

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