Your source for construction industry news in the Carolinas
U.S. construction industry leaders remained confident in August 2019, according to the Construction Confidence Index released today by Associated Builders and Contractors. While contractors were less upbeat regarding sales growth over the coming six months, confidence associated with profit margins and staffing increased from July to August. Despite slightly diminished sales expectations, nearly 63% of…
While architecture billings moderated in September, design activity shows signs of remaining sluggish at U.S. architecture firms, according to a new report released today from the American Institute of Architects (AIA). The Architecture Billings Index (ABI) score in September is 49.7, which improved from the August score of 47.2. However, any score below 50 indicates…
Associated Builders and Contractors reported today that its Construction Backlog Indicator climbed to nine months in August 2019, up 0.5 months or 5.4% from July 201 Construction Backlog Indicator 9, when CBI stood at 8.5 months. “Despite some other leading indicators suggesting weakening in nonresidential construction spending, our most recent backlog readings show that contractors are…
Granite (NYSE:GVA) announced today that GWWH, the joint venture team comprised of Granite, Webcor Construction LP, Weeks Marine, Inc., and Healy Tibbitts Builders, Inc. has been awarded a $15 million design build contract by the United States Coast Guard (USCG) for the Recapitalize Airfield Pavements and Airfield Lighting Project in Elizabeth City, North Carolina. Granite’s…
The NAIOP Commercial Real Estate (CRE) Sentiment Index which predicts general conditions in the commercial real estate industry over the next 12 months, ticked slightly upwards in September, compared to six months earlier. A majority of respondents plan to hire employees, even though the cost of materials and labor related to construction continue to be causes of…
As the technology we rely on advances, so does the technology that is used by hackers and criminals. Today, a malicious actor can obtain and sell sensitive information without leaving the comfort of home. The dark web provides a secure, virtual location for data of this kind to be shared and sold. As these threats…
The School of Architecture at Clemson University has been named one of “America’s Best Architecture and Design Schools” by DesignIntelligence. In addition, three Clemson faculty members were named among only 29 architecture professors nationwide as the “Most Admired Educators”: Kate Schwennsen, professor and director of the School of Architecture; David Allison, Alumni Distinguished Professor and director of…
Construction Monitor, a leader in real time building permit data in the United States and headquartered in Cedar City, Utah, announced that its data set is now available to Bloomberg Data License clients via the Bloomberg Enterprise Access Point. This offers an additional way for the financial industry to discover Construction Monitor data. Construction Monitor has been collecting, databasing…
Carolina Botanicals, a company formed to process industrial hemp, will create 30 jobs as it establishes operations in Columbus County. The company will invest $3.46 million in its new facility, located in Tabor City. “Today’s announcement is the latest example of the growing market for hemp-related products,” said Secretary Copeland. “And we know companies like…
Spartan Motors, Inc., a leader in fleet, work truck and specialty service vehicle manufacturing, is establishing operations in Charleston County. The $1.15 million investment is expected to create 308 new jobs. “Spartan Motors is pleased to add North Charleston to our growing global manufacturing footprint,” Spartan Motors, Inc. President and Chief Executive Officer Daryl Adams. We…
