Southeast’s Nonbuilding Sector Expected to End ‘09 With Increase
McGraw-Hill Construction, publisher of Southeast Construction, has revised its 2009 forecast for nonbuilding contract activity in the four-state region of Florida, Georgia, North Carolina and South Carolina. According to the company, the Southeast’s nonbuilding market–which includes infrastructure projects–should tally approximately $18.1 billion for the year.
If realized, that would result in the second-highest dollar volume for this market, behind only the $20.8 billion in nonbuilding contracts recorded in 2007. Additionally, it would be roughly $2.3 billion ahead of the $15.8 billion recorded for the four-state region during 2008.