Your source for construction industry news in the Carolinas
WASHINGTON, Aug. 11, 2020 — Construction input prices rose 1.9% in July over the previous month, according to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices rose 1.8% for the month. Among 11 subcategories, four experienced monthly increases, with the…
WASHINGTON, Aug. 11, 2020 —Associated Builders and Contractors reported today that its Construction Backlog Indicator declined to 7.8 months in July, a decrease of 0.3 months from the June reading, according to an ABC member survey conducted from July 20 to Aug. 5. Backlog is a full month lower than in July 2019. Additionally, confidence among…
Operating any business, especially a construction business, requires the company to purchase insurance as a form of protection. The costs of insurance can be substantial to ensure the company is adequately covered and protected. Insurance costs tend to increase depending on the level of risk of the company. Besides shopping for competitive insurance policies, are…
GroundBreak Carolinas is honored to spotlight Patricia Lucas Smith, a member of the exclusive group of 2020 GroundBreakers — four individuals who are shaping the architecture, engineering, and construction (AEC) industry in a variety of ways. Smith is all about encouraging women to think of the construction industry when considering career options. Smith owned and…
The current global environment brings to mind the famous and ever relevant Bob Dylan song, The Times They Are a-Changin‘. While different decades and movements have always produced shifts in business, I can’t remember another time that has had such a significant impact on the worldwide economy, our work and our personal lives. The Good…
WASHINGTON, Aug. 7, 2020 —The construction industry added 20,000 jobs on net in July, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. During the last three months, the industry has added 639,000 jobs, recovering roughly 59% of the jobs lost since the start of the…
TPM, Inc. was recently named as one of the Best Places to Work in South Carolina. This is TPM’s second year in a row receiving this honor, as the company was also recognized for the award in 2019. “What a great honor this is for the TPM team, especially in this challenging economic climate. It…
“Tindall is a company who has a heart for serving others,” said Steve Finn, Founder and Executive Director of Chestnut Mountain Ranch. “Their team’s leadership is always looking for opportunities to make things better than the way they found them, and we are beyond grateful for their partnership and contributions that support the mission of…
Ahead of the upcoming conventions, the American Institute of Architects (AIA) is launching its new Policy Platform 2020. The platform details AIA’s advocacy priorities that will advance the architecture profession and improve the built environment by addressing economic, climate and community needs in the U.S. “AIA supports strong and unequivocal policies that ensure that urgent…
Washington, D.C., August 3, 2020 – Construction spending declined for the fourth consecutive month in June as decreases in single-family, highway and educational projects outweighed increases in several private nonresidential categories, according to an analysis by the Associated General Contractors of America of government data released today. As state and local government face budget deficits,…
