The overall volume of new North Carolina construction contracts fell 31% in July, as just over $1.3 billion worth of projects moved ahead, according to McGraw-Hill Construction.
The decline was due to weakness in the nonresidential and nonbuilding categories, according to McGraw-Hill. Nonresidential projects generated an estimated $268.2 million in new work in July, representing a 48% drop, compared to the same period of a year ago. The nonbuilding category, which includes infrastructure projects, fell 64% compared to last July, for a $331.1-million total.