McGraw-Hill Construction reports that the value of Georgia’s June construction starts totaled nearly $1.2 billion in June, an increase of 34% compared to the same period of a year ago.
A surge in commercial starts fueled the increase. Nonresidential contracts totaled nearly $676.8 million, or 72% above last June’s total of $393.9 million. Residential contracts also moved up, with the latest total of $366.9 million representing a 19% gain from the year-ago period. The nonbuilding sector, which includes infrastructure projects, experienced a 21% decline for the month, with about $152.3 million in new contracts.