The collective value of February Georgia construction contracts was 23% behind that of the same period of a year ago, according to McGraw-Hill Construction, the publisher of ENR Southeast. In all, the state recorded an estimated $684.9 million in new contracts during the month.
The nonbuilding sector tumbled by 65% compared to last February, recording roughly $114.7 million in new contracts during the month. Residential contracts were off by 12%, with a total of about $255.4 million. Georgia’s nonresidential sector showed significant improvement over last year, with its $314.9-million total representing a 17% increase over the same period of a year ago.