The value of North Carolina construction contracts signed in August totaled more than $1.1 billion, an increase of 11% compared to a year ago, according to McGraw-Hill Construction.
The nonbuilding and nonresidential sectors led the way in August. Nonbuilding, which includes infrastructure work, totaled $182.4 million for the month, an increase of 59% compared to the same period of a year ago. Nonresidential contracts totaled $474.1 million, an uptick of 35%. The volume of residential contracts declined, however, by 14%, to tally $469.4 million.