Your source for construction industry news in the Carolinas
According to Kampgrounds of America Inc.’s (KOA) 2024 North American Camping & Outdoor Hospitality Report, over the past decade the number of camping households has increased by 23% (16.5 million additional households). As more Americans embrace the outdoors, Stanley Black & Decker’s iconic CRAFTSMAN® brand is sharing tips and top product recommendations for both seasoned campers and first-time…
Drop in Spending Likely Caused by the Fact 94 Percent of Construction Firms Report They are Having a Hard Time Finding People to Hire as Construction Spending Falls to an Annual Rate of $2.162 Trillion Construction spending slid 0.3 percent from June to July, pulled down by declines in private residential and nonresidential construction, according…
The construction industry had 248,000 job openings on the last day of July, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings…
National nonresidential construction spending decreased 0.2% in July, 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 $1.21 trillion. Spending was down on a monthly basis in 11 of the 16 nonresidential subcategories. Private nonresidential spending decreased 0.4%,…
TEEL Construction, Inc. has named Ronnie Brouillard Vice President of Business Development. In his new role, Mr. Brouillard will serve on the company’s executive team and is charged with leading TEEL’s Business Development and Marketing departments. Mr. Brouillard brings over 40 years of commercial contracting experience in the Greater Washington Metropolitan. Throughout his career, he has held a variety of…
Lovett Industrial, a Houston-based real estate investment firm, recently closed on a 27.4-acre land site and is preparing to break ground on Durham Logistics Center, consisting of 351,030 square feet of Class-A industrial space in Durham, North Carolina. Situated at a prime location facing the intersection of I-85 and I-885 in Durham, North Carolina, the…
GroundBreak Carolinas has announced the results of our 2024 GroundBreaker Awards, an annual awards program that recognizes individuals who have gone above and beyond to make a difference for the construction community in the Carolinas. Selected from a well-rounded group of nominees from North Carolina and South Carolina, all four GroundBreakers for 2024 happen to…
Why Do You Need a Geotechnical Report? Imagine this scenario: You find a great deal on a piece of land in a prime location and even have a potential tenant lined up. As you’re wrapping up your due diligence period, you are asked about a geotechnical report. You do some digging and find out it’s…
Marcum LLP, a leading advisory firm, released their 2024 Construction Survey that identifies critical industry trends amid economic uncertainty. Some broad trends are evident in this year’s survey of construction industry leaders. Some are all too familiar, such as the ongoing struggle to find and retain skilled labor. Others show new approaches or opinions in…
The Construction Industry Round Table (CIRT) and FMI recently released their CIRT Sentiment Index, 3rd Quarter 2024. The third quarter 2024 CIRT Sentiment Index declined, indicating respondents are less optimistic about future opportunities. The overall index score fell to 62.6 from 67.0 in the prior quarter. The third quarter Design Index also retreated, dropping to…
