The overall value of North Carolina’s new construction contracts fell by 10% in February, to $861.6 million, according to McGraw-Hill Construction, the publisher of ENR Southeast.
On a sector-by-sector basis, it was either 20% up or down for the month. The residential and nonbuilding sectors each declined by 20% during the month, for totals of $360.9 million and $211.2 million, respectively. Meanwhile, nonresidential contracts improved by 20%, totaling nearly $289.6 million.