Dodge construction reports indicate Vermont activity slowing
Vermont construction activity is expected to slow. McGraw-Hill Construction, which collects data nationwide, has reported that June contracts for future construction in Vermont is down for the month and the year. McGraw-Hill produces Dodge Reports and Sweets Catalog Files. The reports had showed month over month improvement in March (up 8 percent), April (up 31 percent) and May (up 5 percent). But June was down 39 percent and for the year was down 12 percent.
Meanwhile, New Hampshire contracts were also down in June (-49 percent) and for the year (-15 percent).
According to the Research and Analytics unit of McGraw-Hill Construction, the June construction activity in Vermont followed this pattern: