Your source for construction industry news in the Carolinas
Construction in Wilmington has begun on a $30M fiber-optic network that will bring multi-gigabit internet service to the city’s homes and businesses, Metronet announced today. Named the fastest major ISP in the country for 2024 by PCMag, Metronet will offer customers ultrafast speeds of up to five gigabits per second for residents and up to ten…
The Contractor Compensation Quarterly (CCQ) is especially designed for the busy construction executive that needs to keep abreast of competitive compensation and benefit levels within the industry. Based on our survey data, contractors are projecting 2024 construction staff wages to increase an average of 4.38% (excludes 0% projections), reported by 350 companies in this 42nd edition…
NAIOP, the Commercial Real Estate Development Association, commends the introduction of the “Revitalizing Downtowns and Main Streets Act,” which establishes a new 20% tax credit to make possible conversion of many underutilized or vacant commercial properties to residential use. The bipartisan bill is sponsored by U.S. Representatives Mike Carey (R-OH) and Jimmy Gomez (D-CA). “This…
CNBC named North Carolina as second best state to do business and in the top three for the fifth year in a row thanks to our well-trained and diverse workforce, booming economy, and strong business environment. In 2019, North Carolina ranked third; in 2021, the state ranked second; and in both 2022 and 2023 North…
Construction workers hitting the road for month-long projects, traveling nurses visiting a new city for extended periods and digital nomads taking advantage of today’s work-from-anywhere policies will now have a new home-away-from-home with ECHO Suites Extended Stay by Wyndham, which celebrated the grand opening of its first location, ECHO Suites Spartanburg in South Carolina. The…
Construction input prices fell 0.3% in June 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 declined 0.4% for the month. Overall construction input prices are 1.1% higher than a year ago, while nonresidential construction…
Conti Federal Services, a leading U.S. government construction and engineering firm specializing in military construction, critical infrastructure and rapid response and recovery, has successfully completed an ambitious barracks renovation project at Fort Liberty in North Carolina, completing the project in an impressive 11 months. “The security of a nation is only as strong as the…
Today, the Biden-Harris Administration announced new actions to connect Americans to the good-paying jobs created by the President’s Investing in America agenda. White House Domestic Policy Advisor Neera Tanden and Acting Secretary Julie Su will travel to Williamsport, Pennsylvania to announce more than $244 million to help modernize, diversify and expand the Registered Apprenticeship system…
The Economic Development Partnership of North Carolina (EDPNC) today released the North Carolina Selectsite Readiness Program Report, which details the EDPNC’s efforts to identify 15 sites across the state best positioned to serve major advanced manufacturing projects. The Economic Development Partnership of North Carolina (EDPNC) today released the North Carolina Selectsite Readiness Program Report, which…
The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased by 10.4% in June to 198.6 (2000=100) from the revised May reading of 179.9. Over the month, commercial planning increased 14.5% and institutional planning ticked up 0.2%. “Data centers continued to dominate planning projects in June – fueling another strong month for commercial planning,” stated…
