Your source for construction industry news in the Carolinas
Total construction starts fell 18% in November to a seasonally adjusted annual rate of $926.3 billion, according to Dodge Construction Network. During the month, nonresidential building starts lost 25%, nonbuilding shed 21%, and residential starts dropped 5%. Year-to-date, total construction starts were 14% higher in the first 11 months of 2022 compared to the same period…
Associated Builders and Contractors reports today that its Construction Backlog Indicator increased to 9.2 months in November, according to an ABC member survey conducted Nov. 21 to Dec. 6. The reading is 0.8 months higher than in November 2021. Backlog is now at its highest level since the second quarter of 2019. The increase in…
Paul Kowalski Builders announces that it has received the Gold award as Charlotte’s Best 2022 Remodeler/Contractor in the Charlotte Observer’s annual awards. This recognition is based on the nomination and votes of local residents, expressing their confidence in the architectural design-build firm. “We are so gratified that the people and professionals in our community recognize that there is…
Duke Energy crews have restored power to nearly 7,000 customers since Sunday night when substations in Moore County were attacked. Today, approximately 38,000 customers in the area remain without power – down from 45,000, who were initially affected. Duke Energy will continue to restore service quickly and safely, although many affected customers should prepare for an outage…
Company’s net-zero roadmap focuses on reducing impact of its value chain, increasing product efficiency and transitioning to renewable energy sources Lowe’s today announced its goal to reach net-zero emissions across the company’s scope 1, 2 and 3 greenhouse gas emissions by 2050, in accordance with guidelines from the Science Based Targets initiative (SBTi), the global body enabling…
With the 2022 FIFA World Cup tournament underway as the world’s most widely viewed and followed sporting event, it’s also an opportunity for players to impress scouts from major clubs with holes in their rosters. Relatedly, recent research co-authored by management professor Gilad Chen at the University of Maryland’s Robert H. Smith School of Business reveals how and when teams can make…
That’s SkillsetGroup Founder and CEO Clint Armstrong’s vision, and the vision for the fast-growing staffing and consulting company. “Inspiring employees creates innovation, but how do you go about inspiring people?” Armstrong told Inc. Magazine and fellow executives this week in a roundtable webinar. “You have to empower people, you have to give them something to believe in, but most…
Report identifies key industry drivers that include a growing need for greater innovation, a decrease in skilled workers, and a significant drop in productivity—the lowest since 1968 Shadow Ventures, a venture capital firm focused on investing in seed-stage technology companies disrupting the built environment, today announced the availability of its ConTech Scouting Report. The report…
Construction Partners, Inc. (NASDAQ: ROAD) (“CPI” or the “Company”), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today announced that it has acquired Ferebee Corporation, a full-service hot-mix asphalt and paving company headquartered in Charlotte, North Carolina. With three hot-mix asphalt plants in the greater Charlotte/Rock Hill…
Construction companies added 20,000 employees in November and continued to raise wages for hourly workers more steeply than other sectors as the industry’s unemployment rate tumbled, according to an analysis by the Associated General Contractors of America of new government data. Association officials said the data shows that firms would have added significantly more workers if they…
