Florida Contracts Stumble in December, End 10% Down for ’11

Florida Contracts Stumble in December, End 10% Down for ’11

On January 31, 2012, Posted by , In construction,florida, With No Comments

By Scott Judy (Southeast.Construction.com)
Florida’s construction contract activity in December was a microcosm of the state’s overall year, as nonresidential and nonbuilding markets declined significantly, and residential picked up the pace, according to the latest information from McGraw-Hill Construction.For the latest month, McGraw-Hill Construction estimated the value of Florida’s nonresidential contracts at about $299.1 million, or 42% lower than the same period of a year ago. The nonbuilding market, which includes infrastructure contracts, tallied $226.1 million, or about 20% lower than a year ago.Residential contracts improved, however. The company estimated new housing projects at more than $778.1 million for the month, or 19% better than a year ago.For 2011 as a whole, the pattern was similar. Nonresidential ended up the year 17% worse than 2010, with nearly $5.8 billion in new contracts started during 2011. Nonbuilding contracts totaled nearly $6.9 billion, or 24% behind last year’s tally. McGraw-Hill Construction estimated the residential sector’s 2011 total at nearly $9.6 billion, or 10% better than 2010.Overall, Florida experienced approximately $22.2 billion in new contracts during 2011. That’s roughly 10% behind the 2010 total of $24.6 billion.

Construct Corps is a construction staffing company specializing in providing contractors with local skilled labor nationwide.
Construct Corps’ unique centralized recruiting/qualification systems allow contractors to utilize a local workforce in almost any
location at price that fits their budget. Go to http://www.constructcorps.com for more information or call 866.532.6777.

Leave a Reply

Dreamhost review