A significant decline in the value of nonbuilding projects caused South Carolina’s overall total for new construction contracts to decline 12% in June, according to McGraw-Hill Construction, publisher of ENR Southeast. The state recorded an estimated $648.9 million in new contracts during June.
The nonbuilding sector fell 53% compared to the same period of a year ago, for a June total of $113.6 million. It was the lone negative sector for the month, however.