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.
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.