The pace of new nonresidential and residential construction starts in Georgia accelerated in May, with both sectors experiencing 10% increases, according to McGraw-Hill Construction, publisher of ENR Southeast. However, a major slide in the nonbuilding sector caused Georgia’s overall monthly total for new contracts to drop 3%, for a $913.1 million total.
The residential sector’s 10% gain resulted in an estimated $295.4 million total for the month. Nonresidential contracts totaled slightly more than $496.7 million. The nonbuilding sector, which includes infrastructure contracts, fell 46% compared to the same period of a year ago, registering $121 million in new work.