Your source for construction industry news in the Carolinas
The Construction Industry Round Table (CIRT) and FMI recently released their CIRT Sentiment Index, 3rd Quarter 2024. The third quarter 2024 CIRT Sentiment Index declined, indicating respondents are less optimistic about future opportunities. The overall index score fell to 62.6 from 67.0 in the prior quarter. The third quarter Design Index also retreated, dropping to…
Carolinas AGC (CAGC) members and staff, along with Sen. Ross Turner (Greenville) and SCDOT Secretary Justin Powell, were excited to join Gov. Henry McMaster for a ceremonial bill signing of the recently passed Operation Work Zone Awareness legislation. This new law, requested by Carolinas AGC and sponsored by Sen. Turner and Rep. Gary Brewer, requires the Department of Motor Vehicles (DMV) to establish a construction…
Total construction starts moved 10% higher in July to a seasonally adjusted annual rate of $1.1 trillion, according to Dodge Construction Network. Nonresidential buildings and infrastructure starts performed strongly during the month, countering a decline in residential starts. During the month, nonresidential buildings rose 25% and infrastructure starts increased by 19%. Residential starts fell 8% during…
Construction input prices increased 0.4% in July compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics Producer Price Index data released today. Nonresidential construction input prices also increased 0.4% for the month. Overall construction input prices are 1.1% higher than a year ago, while nonresidential…
FMI recently released their 2024 third quarter Civil Infrastructure Construction Index (CICI). According to the management consulting firm, the CICI dropped almost six points in the second quarter, signaling a potential cool down in the civil infrastructure space. This quarter respondents said bid prices dropped while new competitors in their markets increased, indicating a tighter…
The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased 7.9% in July to 216.3 (2000=100) from the revised June reading of 200.5. Over the month, commercial planning increased by 6.8%, and institutional planning expanded by 11.1%. “While data centers have had an outsized influence on nonresidential planning activity in recent months, more momentum is building…
A groundbreaking study analyzing 9,782 contractor Google Business Profiles across the United States has revealed critical insights into the online presence and customer satisfaction of local contractors. The 2024 State of Local SEO for Contractors report highlights the top and bottom-performing locations, key facts, and essential recommendations for improvement. Top-Performing Locations: Bottom-Performing Locations: Key Findings: Top…
Confidence in the market for new multifamily housing declined year-over-year in the second quarter, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB). The MMS produces two separate indices. The Multifamily Production Index (MPI) had a reading of 44, down 12 points year-over-year, while the…
Carolinas AGC Foundation awarded $20,000 ($8,000 more than in past years) to eleven students who are entering the commercial construction industry. After having a record-breaking number of applicants, the selection committee had the hard task of narrowing down the applications and selecting this year’s scholarship recipients. Congratulations to these 11 students selected to receive scholarships. The future is looking…
Today, Autodesk announced that it has been named the Official Design and Make Platform of the LA28 Olympic and Paralympic Games and Team USA. Over the next four years, Autodesk’s software – used by designers, engineers, builders, and creators – will support LA28’s more than $1 billion temporary overlay and construction plan, incorporating sustainable design principles. Autodesk’s Design…
