The New York herald., 1922-07-16
HEAVY CONSTRUCTION
DURING-HALF OF 1922
Continued High Rate Of Activity Has
Brought Total for Year Thus Far
Up to ST ,6o0,984,000
= urLDrNa contracts awarded dur

~ urLDrNG contracts awarded dur.
ID Ing June in the twenty-seven
Northeastern States. according ID
the F. w. Dodge Company. amounted to
$34s.440,00 600. Except for the record
figures of April and May of this year.
this is larger than any previous monthly
total. It Is only per cent. under the
record May figure and shows a SO per
cent. increase over June Of last year.
The continued high rate Of ACTIVITY
has brought the total amount Of con-
struction, started In the first six months
OF this year up to 1890 Ss4. 900. which is
by far the highest figure for tho first
half OF any year. 1t Is 50 per cent.
greater than the figure for the six
month period OF 1921.
In the six months record are tho fol-
lowing items: $685.. .663, 900 for residential
construction, an increase OF 80 per cent.
over the corresponding period OF 1921;
$26S, 9S2. 900 for public works and utilities,
being 19 per cent. over last year; $3.50. :
329, 900 for business buildings, 94 per cent.
more than last year: $164.641 900 for edu-
cational buildings. IS per cent. over last
year.. and $l23, 1s1. 900 for orindustrial plants.
an increase of AZ per cent. over the
corresponding period OF last year.
January i to July has amounted to
slightly moro than three billion dollars.
compared with 81, 600. 100000 for work ac-
tually started In the Same period.
1t seems not unlikely that the remain
Ing summer months may chow q slight
falling off from the extreme high rate
of activity that has prevailed during the
second quarter Of the year. However,
there are localities in the middle West
where the revival has. not yet gained
the headway that 1t has in the East.
These places may be expected to show
increases that will In a measure offset
declines elsewhere. tt.t .>-..
June building contracts. In New Eng
land amounted to $sS.300ooo. an increase
Of 16 per cent. over the previous month
and OF 1Ss per cent over June, 1921.
Construction has been started durins
the first six months of the year to the
amount OF SITS, ,3s3. 900, an increase of 1l5
per cent. over the first half Of 1921.
Residential construction, which has
amounted to $64.220000 shows an In
crease Of 1T per cent. over the first
half Of last year; business buildings.
amounting to 81. .772, 900. have been nearly
three times as great in volume as last
year; educational buildings have
amounted to $20 266,000 three times the
volume OF last year. pubic WOTkS anu
utilities, which have totalled $1S.523, 900.
have doubled last years six month rec.
ord, and Industrial buildings in the sum
of s15.7s3.000, have run 6S per cent. ahead
OF last year.
Incfease -22 Per Cent. I'm 1922.
Contemplated new work reported dur
ing June amounted to $39,577, 900.
Contract awarded during June in New
York State and Northern New Jersey
amounted to 1855. 900. a decline of 10
per cent. from May but an increase OF
q per cent over June. 1921. The peak
month for this district was April. How
ever. the declines in May and June have
been confined to New York city, where
the building revival has been a year
in advance of:the rest Of the country.
y Construction started in this district
from January to,July I has amounted
to Sass. 1S5, 900. nearly double the amount
for the corresponding period OF 1921.
On the six months record. residential
construction, amounting to- $3.50, 5000.
has run 50 per cent. ahead Of last Year
mercantile construction. amounting to
SS4, ,715,000. has been l46 per cent. ahead
OF last year; public works and utilities.
$50, $4,000. more than double last year;
educational buildings, $s4, $1,000. about
three times the volume of last year
and Industrial construction to the