Significant increases in both the residential and nonbuilding categories pushed Georgia’s August total for new construction contracts to an 8% gain compared to the same period of a year ago, says McGraw-Hill Construction. The overall monthly gain resulted in nearly $922.8 million in new contracts.
The nonbuilding category, which includes infrastructure contracts, saw the greatest improvement, 48%, to tally nearly $202.6 million. Residential contracts also surged, with this category’s August total of $419.7 million representing a 33% increase.