Georgia’s nonresidential construction market experienced some of its best news of the year in July, as the volume of new building contracts improved 68% for the month, generating roughly $589.2 million in new contracts, according to McGraw-Hill Construction.
State contractors had more to cheer in the nonbuilding construction category, too, as infrastructure contracts surged 56% to a $243.9-million tally for the month. The pace of new residential construction contracts paused in July, however, with the latest tally of $311 million representing an 18% drop compared to the same period of a year ago.