The month of February saw severe declines in the nonresidential and nonbuilding construction categories, leading to a 31% drop in the overall value of Georgia contracts signed in February for future construction, according to McGraw-Hill Construction, publisher of Southeast Construction.
Nonresidential starts fell 56% during the month to tally $208.9 million. The value of new nonbuilding projects dropped 37% during the period to register $156.6 million. Meanwhile, residential starts improved by 27% for a monthly total of $291 million.