Georgia�s September Contracts Stumble Again, Fall 58%
All three construction categories saw significantly reduced activity in Georgia during September, according to McGraw-Hill Construction, publisher of Southeast Construction. According to the company, the value of new September contracts signed for future construction declined by 58% compared to the same period of a year ago. The total value of new contracts signed during the month equaled nearly $687.4 million, down from the $1.6 billion of last September.
Nonresidential declined the most, dropping 69% compared to a year ago. This category totaled $281.5 million for the month, compared to the $920.1 million of last September.