Virginia Begins 2010 With 22% Jump in Project Starts
The value of new Virginia contracts signed in January for future construction increased by 22% overall, compared to last January, according to McGraw-Hill Construction, publisher of Mid-Atlantic Construction.
Despite the overall improvement, the value of new nonresidential construction starts fell dramatically, by 42%, compared to the same period of a year ago. McGraw-Hill Construction estimated the value of these new contracts at roughly $192.6 million, down from last January’s $347.2 million.