Your source for construction industry news in the Carolinas
Construction input prices were unchanged in November 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 increased 0.1% for the month. Overall construction input prices are 0.5% higher than a year ago, while nonresidential construction…
Boeing (NYSE:BA) today announced it plans to expand its operations in Charleston County. The company plans to invest $1 billion in infrastructure upgrades at its existing site and create 500 new jobs over the next five years. “Boeing’s decision to expand in Charleston County further solidifies South Carolina’s position as a leader in the aerospace industry,” said…
Gordian, provider of data-driven solutions for all phases of the building lifecycle, is excited to announce the appointment of Gregory Randall as the new Chief Sales Officer. Randall leads Gordian’s teams focused on driving revenue growth, business development and new business sales. “I’m inspired by Gordian’s vision to build better communities by transforming data insights…
Associated Builders and Contractors reported today that its Construction Backlog Indicator remained unchanged at 8.4 months in November, according to an ABC member survey conducted Nov. 20 to Dec. 3. The reading is down 0.1 months from November 2023. View the full Construction Backlog Indicator and Construction Confidence Index data series. Backlog in the infrastructure category…
Caterpillar Inc. (NYSE: CAT) launched its third Global Operator Challenge, inviting thousands of machine operators worldwide to put their agility, resilience and versatility to the test on a wide range of construction equipment and technology. “For nearly 100 years, our customers have been pushing the limits with our machines,” said Caterpillar Construction Industries Group President Tony Fassino….
Greenidge Generation Holdings Inc. (Nasdaq: GREE) (“Greenidge” or the “Company”), a vertically integrated cryptocurrency data center and power generation company, today announced that it has entered into a definitive agreement to sell its 152-acre Spartanburg, South Carolina property (the “Spartanburg property”) to Data Journey LLC (“Data Journey”) for $12.1 million in cash and an 8%…
Graycor Co-Chairs Matthew Gray and Steven Gray announced that Dave Wing has been promoted to CEO from President and COO of the Graycor family of companies. Wing joined Graycor as a project engineer in 1991 and has been promoted several times throughout the past 33 years, helping to grow the company through safety leadership, client…
ConstructConnect Projects US Put-in-Place Construction Spending of $2.15 Trillion in 2024 ConstructConnect Chief Economist Michael Guckes released the US Put-in-Place Construction Forecast for Winter 2024 today. According to the report, total put-in-place construction spending for 2024 is expected to reach $2.15 trillion, marking a 6.4% increase from 2023. Although slightly lower than the last quarterly projection of $2.16 trillion, this updated…
KEY FINDINGS The NAIOP CRE Sentiment Index for September 2024 is 56, an increase from the April 2024 reading, indicating that respondents expect conditions for commercial real estate to improve over the next 12 months (see Figure 1). Respondents have a positive outlook for every component that comprises the Index except for construction labor costs,…
Carroll Daniel Construction Company has acquired the assets of O’Neal Inc. Engineering of Greenville, SC. The business units of O’Neal Inc. will combine with Carroll Daniel’s existing in-house Engineering and Architecture groups, which will operate as Carroll Daniel Engineering going forward. The acquisition includes the addition of over 100 engineers and support staff to Carroll…
