Your source for construction industry news in the Carolinas
Understanding the opportunities and risks of political engagement With the next election cycle approaching, the political landscape is heating up. From the race for the White House to Congress and state and local offices, major policy decisions will be shaped by those elected to lead. As a construction executive, you’re likely considering what, if any,…
Raleigh-based construction consulting firm, FMI, released its North American Engineering and Construction Outlook, Q4 2024. After expanding by more than 40% cumulatively since 2020, engineering and construction growth in the U.S. is projected to slow for the industry overall during FMI’s forecast period. Despite broader U.S. economic challenges, this slower pace of investment should allow…
Avoid Political Headaches in the Workplace As you are no doubt aware, Election Day is November 5. As you have no doubt also heard, the country is deeply divided over many issues that are “hot button” topics in the plethora of political ads now dominating the radio and televisions of your employees. Employers need to…
During a recent campaign rally at Gas South Arena in Duluth, Georgia, former President Donald Trump thanked Associated Builders and Contractors and its members for their recent endorsement and applauded the association’s commitment to fair and open competition. “We are joined tonight by Michael Bellaman, president of Associated Builders and Contractors, which represents over 23,000…
The NAIOP CRE Sentiment Index, which measures industry expectations for commercial real estate market conditions over the next 12 months, has increased significantly from the last survey conducted in the Spring. The Index climbed to 56, indicating that respondents expect conditions for commercial real estate development to improve over the next year. The NAIOP CRE Sentiment…
ARCO/Murray, a top-ranked design-build general contractor, has been selected to lead the design and construction of Boviet Solar’s 1,100,000-square-foot solar module and solar cell manufacturing project in North Carolina. The two-phase program will create over 900 skilled local jobs and significantly expand the capacity for solar energy production in the United States. Phase 1: 2.0 GW Solar…
Associated Builders and Contractors reported today that its Construction Backlog Indicator increased to 8.6 months in September, according to an ABC member survey conducted Sept. 20 to Oct. 4. The reading is down 0.4 months from September 2023. View the full Construction Backlog Indicator and Construction Confidence Index data series. Backlog increased in every region except…
Carolinas AGC Leaders last week met with Congressional delegation representatives from North and South Carolina to discuss issues important to the construction industry, ranging from help with the workforce shortage to opposing impractical proposed heat standards. The Capitol Hill visits were part of AGC of America’s annual National Chapter Leadership Conference that drew about 250…
FMI Corporation, a leading provider of consulting and investment banking services to the built environment, released the 2024 Ownership Transfer and Management Succession Study focused on the engineering and construction industry. The report provides key insights and tactics to help owners and executives navigate their companies’ transitions. In early 2024, FMI partnered with the Construction…
Associated Builders and Contractors today released its fourth annual construction technology report, which focuses on the impacts of artificial intelligence in the construction industry. The report includes a case study and thought leadership from ABC’s Tech Alliance to showcase how ABC is strengthening members’ understanding of AI. “ABC contractor members and the overall contracting community want more information…
