|
McGraw-Hill Construction reported the value of June contracts for future construction improved by 9 percent in North Carolina and declined 14 percent in South Carolina.
In North Carolina, June contracts totaled roughly $2.1 billion. Residential improved by 1 percent and tallied $1.4 billion. The value of nonresidential contracts jumped 45 percent to total $539.1 million. The value of nonbuilding contracts totaled $182.3 million, up from last year's $180.9 million.
Year-to-date, North Carolina activity is 9 percent ahead of 2004, with a total value of about $11.8 billion. Nonresidential remains 2 percent behind last year, with $2.4 billion in new contracts. Residential has climbed by 11 percent to total $7.9 billion. The nonbuilding sector is estimated to be 18 percent ahead for the year, with approximately $1.5 billion in new contracts reported.
The South Carolina market continued its decline in June, with the value of new contracts decreasing by 14 percent to total roughly $935.8 million. Residential was the only positive sector, increasing by 12 percent to total $699.7 million. The nonresidential category declined by 61 percent for a monthly total of roughly $124 million. The nonbuilding sector also declined, by 17 percent, to tally $112.1 million for the month.
Year-to-date, the value of South Carolina contracts is estimated at $5.6 billion, or 13 percent behind last year's pace. Residential is estimated at $3.9 billion and has a 17-percent improvement so far. The nonbuilding category, with a $563 million total, is an estimated 60 percent behind the 2004's pace, while nonresidential, with a value of $1.1 billion, is 32 percent behind.
Next >>
|
print this page
e-mail this page
