Due to a burst of infrastructure contracts, North Carolina’s overall total for new construction climbed an estimated 58% in July, for a total of more than $1.8 billion, according to McGraw-Hill Construction, publisher of Engineering News-Record.
The company estimated the value of North Carolina’s July nonbuilding contracts at $897.1 million, well ahead of last July’s $180.3 million total for this sector. The other two construction sectors were down slightly for the month. Residential contracts totaled $470.6 million, or 7% below last July’s total. Nonresidential contracts tallied nearly $467.6 million, or 3% behind the pace of a year ago.