Highway construction bolsters Vermont’s building industry as commercial/residential lag
The most recent Dodge Report analysis of construction contracts shows that Vermont is ahead of where it was a year ago because of heavy investment in highway and bridge building, much of which is due to federal stimulus funding. While residential and commercial construction continue to show weakness, those components are showing some rebound from the depths of the recession over the last 12 months. In all, both the most recent month ($76.1 million) reviewed (September) and the year-to-date ($852.9 million) data show that total construction contracts are ahead of where they were in 2008. The McGraw-Hill Dodge Reports look at construction projects under contract to determine future construction spending.