According to the latest information from McGraw-Hill Construction, the value of Georgia’s new construction contracts improved by 14% in December, nearly identical to the state’s overall growth rate for the year.
Residential and nonbuilding contracts provided the positive momentum in December. The company estimated Georgia’s housing-related contract activity at $299.3 million for the month, or 13% better than the same period of a year ago. Meanwhile, the nonbuilding sector, which includes infrastructure projects, roughly doubled compared to last December to register $153 million in new contracts.