March contracts for future construction in Vermont and New Hampshire soared in March 2009 as the federal stimulus package brought hundreds of millions of dollars into the two states for highway and bridge construction, according to the McGraw Hill Construction reports. Vermont March transportation contracts were $275.2 million, with the total for the first quarter of 2009 up 1,311.1 percent to $292.1 million. The transportation total for the first quarter is slightly more than the total for all of 2008 or 2007. New Hampshire's March transportation contracts were $114.5 million. Its first quarter total was up 1,088.6 percent to $624 million, an increase of more than $100 million from all of 2008, or $200 million more than all of 2007.
The other two construction categories for both states - housing and commercial/industrial - saw continued declines in both states. Vermont was down 71 percent (to $25.7 million) in future contracts for housing and down 10 percent (to $23.5 million) in commercial for the first quarter compared to the first quarter of 2008. New Hampshire's housing contracts were down 57 percent (to $61.1 million) and commercial was down 42 percent ($81 million) in the first quarter.
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