A big drop in the volume of new nonresidential contracts pushed Florida’s overall June total down 18%, compared to a year ago, according to McGraw-Hill Construction, publisher of ENR Southeast. The company estimated the value of new Florida contracts at roughly $2.1 billion for the month.
Florida’s nonresidential sector registered an estimated $411.9 million in new contracts in June, 59% lower than it had recorded in June 2011. The nonbuilding sector, which includes infrastructure projects, also declined, by 7%, to deliver about $665.4 million in new contracts.