Georgia Contracts: 1% Drop in October; 8% Down YTD
The overall value of new Georgia construction contracts dropped by 1% in October, for a total of roughly $921.9 million, according to McGraw-Hill Construction, publisher of Southeast Construction.
The month’s residential contracts were estimated at $314 million, or 22% ahead of the same period of a year ago. The other two markets fell, however. The nonresidential category declined 2%, for a total of $352.8 million. Nonbuilding contracts, which include infrastructure and civil work, dropped 17% to tally $255.1 million.