North Carolina: Mild Upturn The past year wasn’t anything to celebrate in the Tar Heel State, either. By McGraw-Hill Construction’s estimates, the value of new contracts fell 26% for a 2009 total of almost $14.2 billion, with residential (-39%) and nonbuilding (-27%) the most impacted construction types.
An expected 5% uptick should equate to nearly $14.9 billion in new 2010 contracts in North Carolina, says McGraw-Hill Construction.