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Home » Building Markets Boost South Carolina Contracts in May
Southeast Construction NewsSoutheast

Building Markets Boost South Carolina Contracts in May

July 18, 2012
Scott Judy
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Gains in the building sectors pushed South Carolina’s May total for new contracts 28% higher than the same period of a year ago, according to McGraw-Hill Construction. The company estimated the state’s new contracts at $608.3 million, compared to last May’s $476.2-million tally.

Photo by Shaw Group; courtesy SCANA Corp.
At the V.C. Summer Nuclear Station project in Jenkinsville, S.C., the heavy lift derrick was constructed and underwent load testing while excavation began on the Unit 3 site.

The nonresidential category provided the greatest boost as its monthly total of $207.6 million was more than double that of a year ago. Residential contracts were up 18%, for a $356.1-million total.

The nonbuilding category, which includes infrastructure projects, fell 42% in value during May, however, recording just $44.6 million in new work.

For the year-to-date through May, South Carolina’s building markets are decidedly mixed. Nonresidential contracts are estimated at $920.3 million through the first five months of the year, or 20% lower than a year ago. Residential is up 24%, however, with an estimated $1.6 billion of housing contracts having started so far this year.

McGraw-Hill Construction estimates South Carolina’s nonbuilding category at nearly $9 billion for the year, with most of that figure the result of a new nuclear power project.

Overall, South Carolina’s 2012 contracts total is estimated at $11.5 billion.

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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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