Your source for construction industry news in the Carolinas
National nonresidential construction spending increased 0.1% in August, 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 $1.22 trillion. Spending was up on a monthly basis in 10 of the 16 nonresidential subcategories. Private nonresidential spending decreased 0.1%,…
The pandemic brought into sharp focus the importance of having a healthy and functioning supply chain, that critical system by which goods are delivered from factories to doorsteps. But how does the process work in reverse, when items are returned and sent back? And what happens to the returned items? Today, the NAIOP Research Foundation…
Marsh McLennan (NYSE: MMC), a global leader in risk, strategy and people, today announced that it has reached an agreement through its Marsh McLennan Agency business to acquire McGriff Insurance Services, LLC, an affiliate of TIH. McGriff is a leading provider of insurance broking and risk management services in the United States, with $1.3 billion of…
Football Season, Election Season, and the Economic Outlook With September’s arrival, those who love college football are again enjoying tailgating, touchdowns, the sound of marching bands, and crowds cheering and singing their alma mater. Hope for a conference championship reigns supreme. Nothing beats winning. GroundBreak Contributor Dr. Bruce Yandle shares his thoughts as we move…
Associated Builders and Contractors today participated in a White House-sponsored roundtable discussion, “Recovery in the Workplace: Investing to Build the Workforce of Tomorrow,” which convened more than a dozen leading corporations, business groups and government leaders at the White House in Washington, D.C., to highlight the importance of recovery-ready and recovery-friendly workplaces and share best…
It has now been nearly two years since firms saw sustained growth. However, clients are still expressing interest in new projects, as inquiries into work have continued to increase during that period. However, those inquiries remain challenging to convert to actual new projects in the pipeline, as the value of newly signed design contracts declined…
For Cameron Lipe, B.S., Electrical Engineering, ’23, the Clemson University Memorial Stadium Renovations project became a real-life learning lab – and career catapult – when he did an internship with CarolinaPower during his final semester at Clemson. The rest, as they say, “is history.” For Cameron, now an Assistant Project Manager (APM) with CarolinaPower, it…
Total construction starts rose 6% in August to a seasonally adjust annual rate of $1.2 trillion, according to Dodge Construction Network. Residential starts rose 5%, nonbuilding starts gained 17%, while nonresidential buildings fell 2% in August. On a year-to-date basis through August, total construction starts were up 4% from the first eight months of 2023. Residential…
In the construction world, few milestones feel as bold and ambitious as entering a new geographic market. For specialty contractors—especially electrical firms—geographic expansion promises access to more projects, stronger client relationships, and the allure of new revenue streams. But the truth is more sobering: most geographic expansions fail. Not because the idea was wrong—but because…
The Industrial Networking Group (ING) is celebrating 10 years. GroundBreak Carolinas recently sat down with ING founder Chris Simmons to discuss the group’s growth and success. What is ING? The Industrial Network Group is a network of industrial professionals focused on improving their skills, increasing their network, and gaining more opportunities for their company. This…
