North Carolina contractors saw a 50% increase in the value of new construction contracts during March, according to McGraw-Hill Construction. The company estimated the state’s new contracts at nearly $1.5 billion, well ahead of the year-ago figure of $990 million.
All three construction categories posted solid gains. Most notable was the nonresidential sector, which totaled $528.4 million for the month—or more than double the amount tallied last March.