Your source for construction industry news in the Carolinas
The construction industry added 1,000 jobs on net in October, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has risen by 266,000 jobs, an increase of 3.6%. Nonresidential construction employment increased by 300 positions on net, with growth…
The not seasonally adjusted national construction unemployment rate dropped 1.1% in September 2022 from a year ago, down from 4.5% to 3.4%, according to a state-by-state analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors. Forty-two states had lower unemployment rates over the same period, Arkansas and Wisconsin were unchanged and…
Industries are rapidly evolving as business processes grow more interconnected and automated. Data and analytics play an important role in information technologies and their interaction with the physical world, including emerging fields such as artificial intelligence, the Internet of Things (IoT), and virtual and augmented reality. Advanced data analytics gained from these tools can be…
Industries are rapidly evolving as business processes grow more interconnected and automated. Data and analytics play an important role in information technologies and their interaction with the physical world, including emerging fields such as artificial intelligence, the Internet of Things (IoT), and virtual and augmented reality. Advanced data analytics gained from these tools can be…
It’s no surprise that the construction industry has been battling workforce shortages for at least a decade. Effectively recruiting talent that “sticks” is more critical now than ever. We chatted with Jim Sobeck, the President/CEO of New South Construction Supply to see what he’s doing on the recruiting front. “Our Talent Acquisition Manager uses LinkedIn…
Gen Z – the demographic group succeeding Millennials and preceding Generation Alpha – is the first generation to grow up with the internet easily at their fingertips and social media as a strong influence in day-to-day activities. Members of Gen Z, comprised of those born between the mid to late 1990s and 2010, have a…
Improving this will not only help you attract and keep good people, but it will also bring in new clients. Everyone keeps talking about how difficult it is to find and keep truly outstanding people in their firms. There’s a little secret on how to do that – one that I have never seen anyone write…
Did you know that construction workers report higher levels of job satisfaction than all other industries combined — not just today, but through four distinct economic cycles since 1974? The data comes from the National Opinion Research Center at the University of Chicago. As little as 86% and up to 89% of people working in the construction…
The NAIOP CRE Sentiment Index reveals that overall sentiment is down from the spring 2022 report, suggesting that respondents expect unfavorable conditions for commercial real estate over the next 12 months. The current index is 47, down from April’s reading of 53, and from 56 in fall 2021. Just prior to the pandemic, the index was 57,…
The Inflation Reduction Act (IRA) was signed into law on August 16, 2022. The provisions included in this law address a wide range of financial efforts targeted at reducing the deficit while providing some tax reductions and incentives. Contractors and building designers for both individuals and businesses can benefit from the additional energy efficiency incentives…
