Your source for construction industry news in the Carolinas
The launch of Dodge Construction Network, a new brand uniting Dodge Data & Analytics, The Blue Book Network, IMS and Sweets, was announced today. Following the recent merger of Dodge and Blue Book, the two 100-year-old market leaders today revealed their latest initiatives to unite under the new umbrella brand and provide the construction industry…
Associated Builders and Contractors today announced the members of its second annual Tech Alliance—a consortium of firms that create construction technology and innovative solutions for ABC contractor members, the majority of which primarily perform work in the industrial and commercial sectors. Consisting of 15 companies, the Tech Alliance will leverage technology solutions to help ABC…
National nonresidential construction spending fell 0.4% in August, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. Nonresidential spending totaled $788.6 billion in August on a seasonally adjusted annualized basis, down 3.0% from August 2020. Spending declined on a monthly basis in 10 of the 16…
The construction industry is marked by pride. Comprised of skilled craftsmen and women who have spent years perfecting their trade, it is a career choice that deserves to be celebrated. Since 2005, Build Your Future (BYF) has been celebrating these careers and educating students on the opportunities in construction during the month of October. Once…
COVID-19 and new technologies are creating significant changes in how contractors manage safety, according to a new study from Dodge Data & Analytics. There are stark variations in how companies of different sizes are responding, with small employers lagging behind their larger peers. Safety Management in the Construction Industry 2021 SmartMarket Report, the fifth in this…
With a plethora of adventure-ready, go-anywhere, been-anywhere vehicles cementing its foundation, the all-new 2022 Toyota Tundra is born from a lineage of trucks and SUVs rooted in quality, durability and reliability. Its predecessors hit the million-mile mark on more than one occasion thanks to a team of engineers who built the truck above and beyond…
For the second month in a row expectations for near-term real GDP growth were revised downward – and outward – due to persistent supply chain disruptions and labor market tightness, according to the September 2021 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. The ESR Group now projects full-year 2021 real GDP growth to clock…
MAXX Properties—a privately held real estate company—announced today that it will enter the Durham, North Carolina market with a 299-unit multifamily development called The Piedmont at Patterson Place. MAXX Properties took an 85% interest in the planned property along with SR Real Estate Partners, a New York-based development firm, who is developing the project. SR…
Construction employment in August remained below the levels reached before the pre-pandemic peak in February 2020 in 39 states, according to an analysis by the Associated General Contractors of America of government employment data released today. Association officials urged the House of Representatives to quickly pass the bipartisan infrastructure bill to avoid further cutbacks in construction activity…
Associated Builders and Contractors reports today that its Construction Backlog Indicator fell sharply to 7.7 months in August, according to an ABC member survey conducted Aug. 19 to Sept. 1. The reading is down 0.8 months from July 2021 and down 0.3 months from August 2020. ABC’s Construction Confidence Index readings for sales, profit margins…
