Your source for construction industry news in the Carolinas
The Conference Board Leading Economic Index® (LEI) for the U.S. fell by 0.3 percent in January 2023 to 110.3 (2016=100), following a decline of 0.8 percent in December. The LEI is now down 3.6 percent over the six-month period between July 2022 and January 2023—a steeper rate of decline than its 2.4 percent contraction over the previous six-month period (January–July 2022). “The…
Construction input prices rose 1.3% in January, 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 increased 1.1% for the month. Overall construction input prices are 4.9% higher than a year ago, which is the smallest annual increase since…
The International Council of Shopping Centers (ICSC) announced their participation in an industry-wide alliance to foster supplier diversity in the real estate industry. The Commercial Real Estate Diverse Supplier (CREDS) Consortium, made up of seven real estate trade associations, aims to meet growing interest from companies in real estate to further diversify their supply chains while…
Associated Builders and Contractors reports today that its Construction Backlog Indicator declined 0.2 months to 9.0 in January, according to an ABC member survey conducted Jan. 20 to Feb. 3. The reading is 1.0 month higher than in January 2022. View the historical Construction Backlog Indicator and Construction Confidence Index data series. Despite the decline in…
Associated Builders and Contractors of the Carolinas (ABC Carolinas) announces the 2023 leadership team for the organization’s Upstate Regional Leadership Council, chaired by W.M. Jordan’s Chet Bednar. The Upstate Council leadership team will work closely with ABC Carolinas’ Jonna Turner, South Carolina Membership Director. Turner supports the Council’s efforts in building relationships, influencing policy, and…
Carolinas AGC (CAGC) is pleased to welcome Caroline Brigmon to our CAGC family. Starting February 13, 2023, Caroline serves within the CAGC Foundation as Education, Training and Workforce Director. Caroline will support our CAGC members’ education and training needs and develop programs to address the construction industry’s workforce challenges. She also will provide support for the Foundation’s Construction Business Academy and the Construction…
The construction industry will need to attract an estimated 546,000 additional workers on top of the normal pace of hiring in 2023 to meet the demand for labor, according to a proprietary model developed by Associated Builders and Contractors. “The construction industry must recruit hundreds of thousands of qualified, skilled construction professionals each year to…
Integrated Design-Build firm A M King, with offices in Charlotte, NC, Greenville, SC, and Chicago, IL, recently celebrated the grand opening of global grocery retailer ALDI’s newest regional headquarters and distribution center, located in Loxley, Alabama. A M King provided property consulting to ALDI U.S., one of America’s fastest-growing retailers, and designed and built the…
Aline Capital has launched a development services division, further adding to their full-service commercial real estate practice. The firm hired industry veteran Clay Driggers to lead the division. Mr. Driggers joins Aline Capital following time as the Director of Development for Hartness Development. During this time, Mr. Driggers oversaw the development of a 450-acre mixed-use community, which…
The Dodge Momentum Index (DMI), issued by Dodge Construction Network, fell 8.4% in January to 201.5 (2000=100) from the revised December reading of 220.0. In January, the commercial component of the DMI fell 10.0%, and the institutional component receded 4.7%. “The Dodge Momentum Index weakened in January, after 10 consecutive months of gains. While planning activity slowed,…
