Technically speaking, 2013 proved to be a downer for the Southeast's collective construction industry. According to McGraw Hill Construction's final 2013 state figures, the Southeast region of Florida, Georgia and the Carolinas generated nearly $70.6 billion in new contracts during the past year. While that number sounds significant, it's decidedly lower than the 2012 grand total of nearly $80.3 billion. However, while numbers don't lie, sometimes they don't tell the whole story.
McGraw Hill Construction's use of total contract costs, combined with its inclusion of two nuclear projects led to a dramatically inflated total for 2012. As a result, it was all but certain that 2013 would show a considerable decrease in total contracting volume.