Your source for construction industry news in the Carolinas
For the second year, the NAIOP Research Foundation has published the NAIOP Market Monitor, which evaluates office and industrial real estate markets using a two-dimensional analysis based on a metropolitan market’s size and its relative volatility – a departure from traditional commercial real estate market rankings. Among the key findings this year: An interactive map and…
FMI recently released its 2024 North American Engineering and Construction Outlook: Third Quarter. According to the report, total construction spending is expected to reach $2 trillion in 2024, a 5% increase over 2023. However, this signals a slowing growth trend, with future increases likely to stabilize from 3% to 5% over the next five years….
The dream of homeownership remains an integral part of life for Gen Z and Millennials in the U.S., who continue to feel that owning a home is important despite market conditions. In a consumer survey released today, RE/MAX, the #1 name in real estate1, showcases Gen Z and Millennials’ attitudes toward homeownership. Over the past several years, the housing…
A million-dollar price tag no longer means lavish and luxurious living. In more than 200 U.S. cities, buyers will find a price tag of $1 million or more on the typical starter home, a new Zillow® analysis finds. The typical “starter home” — defined for this analysis as being among those in the lowest third of home values in…
The National Association of Home Builders (NAHB) called on Congress today to address two key policies that will notably escalate costs for home buyers and renters: the federal push to mandate costly and restrictive national energy codes and the Biden administration’s recent proposal to cap rent increases at 5%. Testifying during a House Financial Services…
Associated Builders and Contractors today announced its endorsement of former President Donald J. Trump for president. “After almost four years of President Joe Biden and Vice President Kamala Harris’ anti-competitive, inflationary and divisive policies undermining taxpayer investments in America’s infrastructure, ABC is looking forward to working with a president who is willing to welcome all…
Today, the National Labor Relations Board moved to withdraw its appeal of the U.S. District Court for the Eastern District of Texas’ decision to vacate the 2023 Joint Employer final rule, which means the court’s favorable decision will become final. The Board had appealed the decision on May 7. On March 8, the district court vacated…
Verve Motion, a Harvard University spinout dedicated to industrial worker safety, today released the results of an extensive, multi-year study on wearable robotics in the workplace. This landmark research quantifies critical metrics related to back and hip injuries and demonstrates substantial benefits for industrial workers using soft exosuit devices, including a significant reduction in workplace injuries and…
Today, Governor Roy Cooper announced a major funding grant for the Cape Fear Memorial Bridge replacement project in Wilmington. The Governor was joined by Biden Administration Federal Highways Administrator Shailen Bhatt, North Carolina Department of Transportation Secretary Joey Hopkins and Wilmington Mayor Bill Saffo to highlight this major investment from the Biden-Harris Administration. “The Biden-Harris Administration’s…
Small and midsize business (SMB) CEO confidence decreased slightly to 83.3 in Q2 2024, according to the latest CEO Confidence Index released by CEO coaching and peer advisory organization Vistage. The dip in CEO confidence occurred after four consecutive quarters of gains, driven by a decrease in economic optimism. Nearly two-thirds (64%) of CEOs report higher…
