Your source for construction industry news in the Carolinas
Although commercial real estate prices may see a slight decrease nationwide, strong job growth will continue to drive demand in many markets, according to NAR Chief Economist Lawrence Yun. Yun joined other commercial real estate experts today at 2022 NAR NXT, The Realtor® Experience(link is external), in Orlando, Florida, to discuss economic trends and issues affecting…
Ziehl-Abegg, Inc., a manufacturer of commercial ventilation systems, will create 189 new jobs in Forsyth County. The company says it will invest more than $100 million to expand its operations and relocate its North American headquarters to Winston-Salem. “I am delighted to congratulate Ziehl-Abegg on this expansion in Winston-Salem and Forsyth County,” said Governor Cooper….
Demand for design services from architecture firms softened considerably in October, according to a new report from The American Institute of Architects (AIA). AIA’s Architecture Billings Index (ABI) score for October was 47.7, the first decline in billings since January 2021 (any score below 50 indicates a decline in firm billings). Inquiries into new projects…
At its 2022 Excellence in Construction (EIC) Awards, the Associated Builders and Contractors of the Carolinas recognized and honored Brian Gallagher of Graycor for his service to the organization with what the association describes as the chapter’s most prestigious regional award — the ABC Kirby Award. “ABC Carolinas’ highest achievement award, the Kirby Award, was…
Today, Dodge Construction Network and the U.S. General Services Administration (GSA) released the findings of a new industry survey in that shows more work is needed among architecture firms and construction companies to improve diversity, equity and inclusion (DEI) in their industry. The Diversity, Equity and Inclusion SmartMarket report also details the organizational and business benefits of doing so. The Request…
Since 2005 the share of design projects involving renovations, rehabilitations, additions, and historic preservation grew 14 percent, now accounting for 48 percent of billings at U.S. architecture firms, according to a new survey from the American Institute of Architects (AIA). The 2022 AIA Firm Survey: The Business of Architecture, examines topics such as firm billings, staffing, and…
Associated Builders and Contractors has submitted comments to the U.S. Department of Treasury and the Internal Revenue Service regarding implementation of tax credits for clean energy construction projects funded by the Inflation Reduction Act, contingent upon new controversial prevailing wage, apprenticeship and domestic content requirements. “The IRA’s unprecedented expansion of anti-competitive prevailing wage, apprenticeship and domestic content…
The American Institute of Architects (AIA) and the Association of Collegiate Schools of Architecture (ACSA) have published a supplementary edition of the Guides for Equitable Practice, focusing on schools and institutions. Equity in Architectural Education provides actions and prompts intended to inspire discussions about creating welcoming environments to attract and retain those currently underrepresented in academia and in…
Today Saint-Gobain held a groundbreaking ceremony to mark construction toward a new, state-of-the-art glass mat facility at its CertainTeed Roofing campus in Oxford, North Carolina. The investment, now projected at $167 Million with additional funds allocated toward new technology to enhance employee safety and sustainability, marks the company’s largest ever investment in a US roofing…
The construction industry added only 1,000 employees in October while it continued to boost wages for hourly workers as firms compete to hire from a small labor pool, according to an analysis by the Associated General Contractors of America of new government data. Association officials said the small increase in construction employment is an indication…
