A surge in the value of new building contracts pushed South Carolina’s February total for new contracts to a 39% overall improvement for the month, according to McGraw-Hill Construction. The company estimated the state’s new contracts at about $743.3 million for the month.
Nonresidential contracts increased the most, jumping by 88% to total nearly $304.2 million. Residential projects provided another boost, improving by 55% for the month for $351.7 million in new work. The nonbuilding category, which includes infrastructure projects, fell by 40%, however, and delivered $87.4 million in new contracts.