Your source for construction industry news in the Carolinas
Carolinas AGC (CAGC) was proud once again to celebrate Women in Construction Week, which extended from March 8 – March 12, 2021. In addition to launching targeted advertisements which showcased the benefits of careers in construction for women, CAGC also launched a three-part CAGC Buildercast podcast series, We Were Built for This, highlighting the impact that women have on…
National nonresidential construction spending declined 1.3% 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 $789.5 billion for the month. On a monthly basis, spending was down in 13 of 16 nonresidential subcategories. Private nonresidential spending…
GroundBreak Carolinas recently surveyed leaders of design and construction firms to assess their perspectives on the construction economy in North Carolina and South Carolina. The findings are included in the 2021 GroundBreak Carolinas Design and Construction Outlook. A convergence of factors impacted the construction economy negatively in an unprecedented manner in 2020. COVID-19, social unrest,…
Balfour Beatty, in joint venture with Samet Corporation, is partnering to deliver the new Forsyth County Courthouse in Winston Salem, North Carolina. A groundbreaking event for the new courthouse took place in February to celebrate the construction of the newly modernized courthouse that will provide improved security, accessibility, and technologies to better serve Forsyth County citizens and…
FMI Capital Advisors announced the acquisition of Fairbanks Energy Services, Inc. by Mantis Innovation Group, LLC, a portfolio company of O2 Investment Partners, LLC. The partnership will enhance both companies’ service offerings focused on improving facility performance and energy efficiency, reducing costs, and implementing and monitoring environmental, social, and governance (ESG) initiatives. FMI served as…
KB Home (NYSE: KBH) has announced its expansion into the Charlotte market, and Bill Kiselick has been named as the company’s Charlotte Division President. In this role, Kiselick is responsible for KB Home’s homebuilding operations throughout the region, from land acquisition and construction to sales and customer service. KB Home recently acquired more than 400…
Stormwater utility leaders say they would focus on proactive rehabilitation of assets, enhanced resiliency and improving water quality efforts if they had adequate funding, according to Black & Veatch Management Consulting’s latest “Stormwater Utility Survey Report.” Based on a nationally-recognized survey of stormwater utilities, the report continues to show an “alignment gap” among program needs and costs,…
The American Society of Civil Engineers (ASCE) today released the 2021 Report Card for America’s Infrastructure , its latest quadrennial assessment of the nation’s infrastructure. The Report Card gives the U.S. an overall ‘C-‘ grade and finds the country is spending just over half of what is required to support the backbone of the economy. The study…
National nonresidential construction spending increased 0.9% on a monthly basis in January 2021 but is down 5% since January 2020, 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 $799.1 billion for the month. Spending was up on…
Each time a new President moves into the Oval Office there is considerable discussion, anticipation and focus on the first 100 days in office. New Presidents seek to set the tone of their administration and begin to implement the platform and agenda on which they campaigned. The approach also applies to construction businesses. What will the…
