The volume of new building construction contracts in Georgia fell during June, leading to a 15% overall decline for the month, according to McGraw-Hill Construction. The company estimated that roughly $1.1 billion in new projects moved forward during the month.
The nonresidential market dropped the most, diving 30% compared to the same period of a year ago for a $541.5-million June total. Residential contracts slipped 1%, delivering an estimated $408.7 million in new contracts.