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Home » Georgia's Ups and Downs Add Up to a Flat May
Southeast Construction NewsSoutheast

Georgia's Ups and Downs Add Up to a Flat May

July 10, 2012
Scott Judy
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Residential contracts surged in May, but Georgia’s other sectors fell significantly, resulting in a flat overall monthly total for new construction contracts, according to McGraw-Hill Construction.

Photo courtesy Brasfield & Gorrie
Through May, Georgia's nonresidential building sector is 18% behind 2011's pace. Pictured here: Perkins+Will's LEED platinum-rated new headquarters, built by Brasfield & Gorrie.

Residential contracts totaled $390.7 million for the month, or 26% better than last May, according to McGraw-Hill. The nonresidential sector fell 14%, however, for a $426.5-million total. The nonbuilding category totaled $105.8 million, or 11% lower than a year ago.

Overall, Georgia’s May contracts tallied just over $923 million, down slightly from the $925 million recorded for May 2011.

For the year to date, the state’s nonresidential sector is 18% behind the same period of a year ago, with roughly $1.6 billion in new contracts to date. Residential projects have increased 28%, with nearly $1.9 billion in new contracts moving ahead so far.

The nonbuilding sector stands at $9.1 billion through May, the vast majority of which is the product of the start of construction of Plants 3 and 4 at Georgia Power’s Vogtle nuclear power plant project.

Georgia’s 2012 tally of new contracts is now $12.6 billion. That compares to the $4.1 billion recorded through May 2011.

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Scoot-judy

Scott Judy is Deputy Editor for Regions, and editor of ENR Southeast, one of Engineering News-Record's 10 Regional publications. His roughly 27 years as a construction journalist began with an 11-year stint covering Midwest construction projects. In 2000, Judy helped launch the publication now known as ENR Southeast. He often delves into controversial aspects of the construction industry such as bankruptcies and fatal accidents, and wishes he would never have to cover another accident but suspects that he might.

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