Your source for construction industry news in the Carolinas
Mentoring is important for professional development of employees in all roles in the construction industry. At its core, mentoring is a learning relationship. Mentorship relationships can be a two-way street, where both the mentor as well as the mentee are able to learn, grow and support one another. As the construction industry faces unprecedented talent challenges,…
Marketers and business developers from the architecture, engineering and construction industries will descend on Wilmington, NC for the Society of Marketing for Professional Services (SMPS) Southeast Regional Conference (SERC), March 20-24, 2023. The 2023 SMPS SERC Planning Committee and the Research Triangle Chapter will be hosting the event at the Wilmington Convention Center in the…
Fewer architecture firms report declining billings in January compared to billing activity in December, according to a new report today from The American Institute of Architects (AIA). AIA’s Architecture Billings Index (ABI) score for January was 49.3* compared to 48.4 in December (any score below 50 indicates a decline in firm billings). Last month’s score…
Generation Z is growing up. Sandwiched between Millennials and Generation Alpha, this group is emerging as an influential demographic and driving impactful change that will shape our future in ways we haven’t seen before. This demographic, also known as Zoomers, is the largest generation on Earth, ranging in age from 10 to 25. While we…
Wells Fargo released its 2023 Construction Industry Forecast, a survey designed to gather insights on sentiment and current business conditions in the construction industry. This year’s survey indicates a level of cautious optimism prevailing among nonresidential contractors and distributors. Most notably, respondents shared several top concerns, including the availability of skilled workers, rising interest rates,…
The Travelers Companies, Inc. (NYSE: TRV) today launched the Travelers Innovation Network for Construction, an online platform providing construction customers with access to industry insights, as well as a curated group of technology providers and solutions aimed at improving productivity and safety on job sites. “Technology has the potential to help mitigate risk, but it can…
More than 80% of U.S. investors say that companies need to more openly communicate the risks and opportunities that shape their standing as “responsible investments” – and 73% also say they are more likely to invest in a company that shares with investors its plans for effectively managing those factors. Those are among the key…
Jacobs (NYSE:J) today announced that it closed an inaugural offering of $500 million of senior unsecured notes due 2033 under its newly published Sustainability-Linked Bond Framework. The Framework was developed as a crucial element of Jacobs’ PlanBeyond 2.0℠ sustainable business strategy launched in the summer of 2021 and is a key milestone in further incorporating sustainability into the company’s…
The Conference Board Leading Economic Index® (LEI) for the U.S. fell by 0.3 percent in January 2023 to 110.3 (2016=100), following a decline of 0.8 percent in December. The LEI is now down 3.6 percent over the six-month period between July 2022 and January 2023—a steeper rate of decline than its 2.4 percent contraction over the previous six-month period (January–July 2022). “The…
Construction input prices rose 1.3% in January, according to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices increased 1.1% for the month. Overall construction input prices are 4.9% higher than a year ago, which is the smallest annual increase since…
