The volume of new Georgia construction contracts continued to escalate in November, as McGraw-Hill Construction reported the overall value of new projects improved by 10%, compared to the same period of a year ago. The latest data marked Georgia’s sixth straight month of improving construction contract totals.
In November, all of the gains were in the nonresidential category, however. That sector tallied more than $529.5 million, for a 50% increase compared to last November. The nonbuilding category, which includes infrastructure work, fell 29% compared to a year ago, for a monthly total of $197.8 million. Residential contracts slid 4% for the month, with $266.8 million in new projects moving ahead, according to the company.