Groundbreak Carolinas

GroundBreak Carolinas

Your source for construction industry news in the Carolinas

Seamon Whiteside

Helen Johnson

Construction Partners, Inc. Completes North Carolina Acquisition

by Construction Partners on

 Construction Partners, Inc. (NASDAQ: ROAD) (“CPI” or the “Company”), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across six southeastern states, today announced that it has acquired Ferebee Corporation, a full-service hot-mix asphalt and paving company headquartered in Charlotte, North Carolina. With three hot-mix asphalt plants in the greater Charlotte/Rock Hill…

Construction Adds 20,000 Employees In November As Average Hourly Pay Jumps More Than 6 Percent, Outpacing Overall Private Sector Increase

by Associated General Contractors on

Construction companies added 20,000 employees in November and continued to raise wages for hourly workers more steeply than other sectors as the industry’s unemployment rate tumbled, according to an analysis by the Associated General Contractors of America of new government data. Association officials said the data shows that firms would have added significantly more workers if they…

Construction Employment Increases by 20,000 in November, Says ABC

by Associated Builders and Contractors on

The construction industry added 20,000 jobs on net in November, 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 risen by 248,000 jobs, an increase of 3.3%.  Nonresidential construction employment increased by 16,300 positions on net, with growth…

Alcami Builds cGMP Biostorage Facility in North Carolina

by Alcami on

Alcami, a leading contract development and manufacturing organization (CDMO), today announced that the build-out is underway of a new 65,000-square-foot cGMP biostorage facility. Located near the RTP corridor in North Carolina, this new facility will leverage Alcami’s Masy division’s industry-leading biostorage systems and processes and feature high levels of redundancy to ensure the protection of customer-owned…

Duke Energy Announces $1 Million in Grants to Support Organizations Focused on Social Justice, Racial Equity in North Carolina

by Duke Energy on

Duke Energy today announced the recipients of $1 million in grants through the Duke Energy Foundation for North Carolina nonprofits working to advance social justice and racial equity. $25,000 grants will be distributed to 40 organizations across North Carolina. Since 2020, the Duke Energy Foundation has committed more than $8.6 million to social justice and racial equity organizations, with $7.5 million dedicated to support nonprofits across North…

Nonresidential Construction Spending Down 0.3% in October

by Associated Builders and Contractors on

National nonresidential construction spending was down by 0.3% in October, 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 $898.4 billion for the month. Spending was down on a monthly basis in seven of the 16 nonresidential subcategories….

Construction Job Openings Decreased By 52,000 in October, Says ABC

by Associated Builders and Contractors on

The construction industry had 371,000 job openings in October, 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 decreased by 52,000 last…

Treasury’s Clean Energy Tax Credit Guidance Provides Almost No Clarity

by Associated Builders and Contractors on

Associated Builders and Contractors released the following statement responding to guidance released today by the U.S. Treasury Department and Internal Revenue Service regarding tax credits for private clean energy projects funded by the Inflation Reduction Act conditioned on compliance with prevailing wage and government-registered apprenticeship requirements. “While we are still thoroughly assessing the IRS’ guidance and FAQs, so…

U.S. Green Building Council Pushes for Greater Action and Accountability Following COP27

by USGBC on

The U.S. Green Building Council (USGBC) is calling for greater action to address climate change following COP27. Even with the new COP27 agreements adopted last week, emission reductions, including those of the building and construction sector which accounts for 40% of energy-based carbon emissions, are not on track to reach net zero by 2050. USGBC…

The Fed Hits the Brakes and Construction Takes it on the Chin

by Bruce Yandle, Alumni Distinguished Professor of Economics Emeritus, Clemson University on

News that October existing home sales fell once more, giving a period of decline dating back to January 2022, is a reminder that when the Fed hits the brakes, it is housing and the construction economy that feels the sharpest pain.  As National Association of Realtors chief economist Lawrence Yun put it: “More potential homebuyers…