Florida’s construction contract activity in December was a microcosm of the state’s overall year, as nonresidential and nonbuilding markets declined significantly, and residential picked up the pace, according to the latest information from McGraw-Hill Construction.
For the latest month, McGraw-Hill Construction estimated the value of Florida’s nonresidential contracts at about $299.1 million, or 42% lower than the same period of a year ago. The nonbuilding market, which includes infrastructure contracts, tallied $226.1 million, or about 20% lower than a year ago.