According to McGraw-Hill Construction, publisher of Engineering News-Record, the pace of new Georgia construction contracts accelerated in August, with the state experiencing an 18% gain in new work. The gain resulted in an estimated $874.8 million in new contracts during the month.
The biggest gains came in the nonresidential category, which saw a 52% improvement for an August total of $426.9 million. Residential work also improved, with contracts totaling $313.8 million for the month, a 9% increase. The nonbuilding category, which includes infrastructure work, declined by 22%, however, delivering an estimated $134.2 million in new contracts.