At the end of October, McGraw-Hill Construction’s data showed that North Carolina’s 2011 total volume of new contracts was 6% ahead of 2010. A disastrous November changed all of that, wiping out the year’s gains and sending the state’s total back down into negative territory for the year.
The volume of North Carolina’s construction contracts fell 52% overall in November, compared to the same period of a year ago, according to McGraw-Hill. The value of all new contracts was just over $1 billion for the month.