Maryland Manages 9% Increase in New January Contracts
The state of Maryland experienced extreme ups and downs during January in the three construction categories reported by McGraw-Hill Construction, publisher of Mid-Atlantic Construction. Robust gains in the residential and nonbuilding sectors overcame a huge drop in nonresidential contracts for an overall increase of 9% during the month, compared to last January.
The value of new nonresidential construction contracts signed during January for future construction decreased by 69%, for an estimated value of roughly $69.4 million, down from last January’s nearly $224-million total.