Your source for construction industry news in the Carolinas
Two thirds of architecture firms report slowing or stoppage of projects due to COVID-19. A new report from the American Institute of Architects (AIA) reveals the immediate impact of the COVID-19 pandemic on architecture firms in the U.S. A recent AIA survey found that 50 percent of architecture firms reported fewer new design projects for…
Coronavirus-caused Slowdown Contrasts with January Figures Showing a Majority of Metro Areas Added Construction Jobs; Officials Note New Infrastructure Funding and Paid Family Leave Fixes are Needed The coronavirus pandemic has caused more than one out of four contractors to halt or delay work on current projects, according to a survey released today by the Associated General…
FMI Corporation, the leading provider of consulting and investment banking services to the Built Environment, is pleased to announce the release of the first quarter 2020 CIRT Sentiment Index. The CIRT Sentiment Index is a survey, conducted quarterly by FMI, of members of the Construction Industry Round Table. The CIRT is composed exclusively of approximately…
The construction industry added 44,000 net new jobs in January, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 142,000 jobs, an increase of 1.9%. Nonresidential construction employment increased by 23,800 jobs on net in January…
Graycor Inc., a national leading provider of construction, maintenance and facilities services with an office in Charlotte, NC, announced that David L. Wing has been named President and Chief Operating Officer (COO). “Dave’s strong character, unwavering commitment to clients and colleagues alike, and exemplary record of project delivery during the course of his career at…
The Concrete Industry Management (CIM) program – a business intensive program that awards students with a four-year Bachelor of Science degree in Concrete Industry Management – is pleased to announce the following list of items that have been donated for their annual auction at World of Concrete. The auction is scheduled for Wednesday, Feb. 5 in the Las…
Merritt Properties, a full-service commercial real estate developer with over 16 million square feet of space throughout Maryland, North Carolina and Virginia, has announced the acquisition of a 74-acre tract of land for the speculative development of a 452,500-square-foot light industrial business park in Wake Forest, North Carolina. Located along Ligon Mill Road, Merritt Capital Business…
FMI Corporation, a leading provider of consulting and investment banking services to the Built Environment, is pleased to announce the release of its 2020 FMI Overview. The publication offers a commentary by FMI’s CEO, Chris Daum, on what key trends are expected to shape the Built Environment in the coming year and beyond. In addition, it provides comprehensive construction forecasts…
Transwestern Commercial Services and Devencore released the results of their 2020 Commercial Real Estate Sentiment Survey, summarizing the firms’ outlook for U.S. and Canadian real estate markets. Brokers and analysts across 43 North American offices shared insight on the office/medical office and industrial sectors. “While political turmoil, upcoming elections and an elevated construction pipeline in…
On Dec. 20, 2019, the Omnibus Appropriations Bill H.R. 1865 was signed into law, which provided an extension for the Section 179D energy efficient building deduction, now allowing projects placed in service in 2018, 2019 and 2020 to be certified for qualifying energy tax incentives. The Section 179D tax deduction was originally passed as part…
