The value of new North Carolina construction contracts fell 52% in March, for a total of $986.2 million in new work, according to McGraw-Hill Construction, publisher of ENR Southeast.
All construction categories were down markedly for the month, with the nonresidential sector declining the most. That category dropped 71% compared to the same period of a year ago, with about $209.3 million in new contracts. The nonbuilding sector, which includes infrastructure and civil contracts, declined by 61% for a $241.1-million total. Residential contracts were 22% behind last year’s pace, with about $535.9 million in new construction work moving ahead.