Value of Georgia’s New Contracts Fell 24% in November
The value of Georgia’s new nonresidential construction starts fell dramatically in November to cause a 27% overall downturn in activity for the month, according to McGraw-Hill Construction, publisher of Southeast Construction. According to the company, the value of new November contracts signed for future construction equaled nearly $702.7 million, down from the $962.4 million of last November.
Nonresidential fell 62% compared to a year ago, for a total of $219.1 million for the month, down from $581.2 million.