Two of Georgia’s three construction sectors experienced positive gains in new contracts during January, but a significant decline in nonresidential work pushed the state’s overall total to a 7% decline compared to a year ago.

According to McGraw-Hill Construction, publisher of ENR, new residential construction contracts totaled $272 million for January, a 13% gain over the same period of a year ago. The nonbuilding category, which includes infrastructure contracts, improved by 33% to total roughly $176.9 million, up from last January’s $132.7 million.

The gains in these two categories couldn’t overcome a 31% decline in the state’s largest construction sector, nonresidential, which totaled $289.1 million for the month.

Overall, Georgia’s January contracts totaled $737.9 million, or 7% behind last January’s pace.


ENR Subscribe

 

 

 

 

email icon

I want to hear from you. Tell me how we can improve.

BNP Media Owner & Co-CEO, Tagg Henderson

Post a comment to this article