Your source for construction industry news in the Carolinas
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…
On Dec. 20, 2019, the Omnibus Appropriations Bill H.R. 1865 was signed into law. This legislation extended the New Energy Efficient Home Tax Credit under Code Section 45L through the end of 2020. The Code Section 45L credit is the applicable amount for each qualified new energy efficient home that is constructed by an eligible…
Big labor is pushing the Protecting the Right to Organize Act, which aims to boost the number of dues-paying union members at the expense of workers, entrepreneurs and small and local businesses. Scheduled for a vote in the U.S. House of Representatives Thursday, this legislation would hamper the South Carolina construction industry’s ability to grow,…
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…
Carolinas-based BE&K Building Group (BE&K), a national leader providing integrated construction management and design-build services through advanced technologies, announced Frank Holley as the firm’s new President and Chief Executive Officer effective January 1, 2020. Holley joined BE&K in 1991, assuming progressive roles of responsibility culminating in his most recent appointment. During his 28 years with…
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…
