Your source for construction industry news in the Carolinas
National nonresidential construction spending was down 0.1% in February, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $844.5 billion for the month. Spending was down on a monthly basis in 10 of the 16 nonresidential subcategories. Private…
Construction employment climbed by 19,000 jobs between February and March, while spending on construction projects rose for the 12th month in a row in February, according to an analysis by the Associated General Contractors of America of government data released today. Association leaders warned that further gains may stall unless the supply of workers and…
Sportsman Boats Manufacturing Inc., a family-owned and -operated maker of saltwater fishing boats, announced plans to expand its operations in Dorchester County. The company’s $8 million investment will create 75 new jobs. “Our organization has grown tremendously since 2012. A big part of that success has been made possible by the support of Dorchester County…
Associated Builders and Contractors and the American Foundation for Suicide Prevention today announced a collaborative partnership to address mental health and suicide prevention throughout the U.S. construction industry. The goals of the partnership are to improve the mental health of construction workers through effective suicide prevention education, intervention and postvention strategies; to encourage, equip and…
Governor Cooper announced yesterday that VinFast, a Vietnamese electric vehicle and battery company, is bringing its first North American automotive assembly and battery manufacturing plant to North Carolina. The company plans to invest $4 billion and create 7,500 jobs in Chatham County, making this the largest economic development project in North Carolina’s history. “North Carolina’s state leadership…
The Economic Development Partnership of North Carolina (EDPNC) today released is 2021 Annual Report entitled “Together We Thrive,” highlighting North Carolina’s notable economic growth in 2021. The report includes an in-depth analysis of the state’s successes through the work of the EDPNC and its partners, such as the North Carolina Department of Commerce. In 2021, the EDPNC…
GroundBreak Carolinas compiles economic outlooks and forecasts from leading economists, publications and trade organizations. These resources provide powerful insight and perspectives for leaders in the North Carolina and South Carolina construction industry as they navigate the challenges of operating in a dynamic business. An Economic Rebound: What’s Next: Dr. Bruce Yandle Commercial Real Estate Impact…
DC BLOX, a provider of interconnected multi-tenant data centers that deliver the infrastructure and connectivity essential to power today’s digital business, announces the opening of its Greenville, South Carolina data center. The data center, designed to Uptime Institute’s Tier III standards, is the first-of-its-kind multi-tenant data center located in South Carolina. The initial 25,000 square foot facility can…
The impact of new commercial real estate development and of the ongoing operations of existing commercial real estate buildings in the United States continues to grow, according to the annual Economic Impacts of Commercial Real Estate, 2022 U.S. Edition, research study conducted by the NAIOP Research Foundation. The combined economic contributions of new commercial building development and…
Contractors Association Prepares Updated Construction Inflation Alert as Tight Labor Market, Soaring Materials Costs, and Supply Chain Disruptions Threaten to Delay Projects and Undercut Further Job Gains Construction employment dipped by 5,000 jobs between December and January even though hourly pay rose at a record pace in the past year, according to an analysis by…
