The volume of South Carolina’s nonresidential construction contracts fell 10% in July, while residential and infrastructure projects edged downward slightly. The end result was an estimated $539.2 million in new contracts during the month, for a 3% overall decline, says McGraw-Hill Construction.
For July, the state’s new nonresidential contracts tallied roughly $138.9 million, or 10% lower than the previous July. Residential contracts totaled $319.2 million, and nonbuilding projects came in at $81.1 million. McGraw-Hill estimated both of these categories were 1% down compared to a year ago.