Your source for construction industry news in the Carolinas
Construction input prices rose 1.5% in August 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 1.5% for the month, but are up just 0.2% from a year ago. Rising energy prices drove…
Associated Builders and Contractors reported today that its Construction Backlog Indicator declined to 9.2 months in August, down 0.1 month, according to an ABC member survey conducted from Aug. 21 to Sept. 6. The reading is 0.5 months above the August 2022 level. View the full Construction Backlog Indicator and Construction Confidence Index data series….
Business is booming for manufacturing in North Carolina and South Carolina. Historically, the Carolinas have been effective in attracting manufacturing projects. During the last few years, this investment has been driven by a number of factors, including reshoring, foreign direct investment (FDI), emerging technologies, government incentives, the energy transition, consumer demand, and more. The first…
The Marcum Commercial Construction Index for the second quarter of 2023 reports that the construction industry retained momentum through the first half of the year despite ongoing headwinds in the form of labor shortages, high borrowing costs, and tight credit conditions. While certain segments, like manufacturing-related construction, have continued to surge, spending in other segments has moderated…
TrebleHook has been named as one of the “10 Most Exciting Startups” by NEXT, an organization that exists to guide and support high-growth, high-potential entrepreneurs and their businesses in Greenville, SC, and across the Upstate of South Carolina. This recognition is a tremendous validation for TrebleHook, a startup quietly innovating under the supportive umbrella of its parent company, TPM….
YellowBird, an EHS and Risk Management platform that seamlessly connects skilled workers to safety and risk jobs, is thrilled to announce the launch of its highly anticipated podcast series, Canary in a Coal Mine. The podcast is available for streaming on Google Podcasts, Apple Podcasts, and Spotify. YellowBird launches highly anticipated podcast, Canary in a Coal…
The Toro Company (NYSE: TTC) and Lowe’s Companies, Inc. (NYSE: LOW) today announced a strategic retail partnership through which Lowe’s will carry Toro zero-turn riding mowers, walk mowers, portable power equipment and snow blowers in both the gas and rapidly expanding battery categories. The Toro product lineup will be available at all Lowe’s stores nationwide and online…
EastGroup Properties, Inc. (NYSE: EGP) (the “Company” or “EastGroup”) announced today its recent business activity. Commenting on the Company’s activity, Marshall Loeb, CEO, stated, “We continue to be pleased by both the strength and resiliency of the Sunbelt, shallow bay industrial market. Operationally it’s been a positive, steady year in an unsteady capital markets environment. Given the volatility in…
The ADP Research Institute® (ADPRI) reveals the business impact of promotions and presents a new way to measure worker motivation and commitment in Today at Work, a fresh and comprehensive data-driven resource for business leaders and other decision-makers. In the September issue of Today at Work – “The Hidden Truth About Promotions” – ADPRI shows how promotions, under certain conditions,…
As per The Business Research Company’s analysis, the global construction market is poised for substantial growth, with projections indicating it will reach $19,519.26 billion by 2027, exhibiting a commendable compound annual growth rate (CAGR) of 6.0%. This growth is notably driven by the burgeoning construction activities in emerging markets, where urbanization, infrastructure development, and housing needs are on the…
