Florida’s three broad categories of construction contract activity declined by double-digit percentage points in June, resulting in a 21% overall decline, according to McGraw-Hill Construction, publisher of Southeast Construction. During June, the state experienced nearly $1.8 billion in new contracts for future construction.
The nonresidential market fell by 22% during June to tally approximately $716.3 million. That compared to the $919.7 million of a year ago.