McGraw-Hill Construction estimates that the value of new Georgia construction contracts tallied more than $867.6 million during February, a 19% gain compared to the same period of a year ago.
The nonbuilding sector, which includes infrastructure and energy contracts, recorded an estimated $163.2 million in new contracts during February, a 44% gain compared to a year ago. Residential contracts totaled $351.9 million during the month, a 34% improvement. Nonresidential recorded the highest total of the three categories for February. However, its $352.5 million total was flat compared to last February.