Your source for construction industry news in the Carolinas
Did you know that construction workers report higher levels of job satisfaction than all other industries combined — not just today, but through four distinct economic cycles since 1974? The data comes from the National Opinion Research Center at the University of Chicago. As little as 86% and up to 89% of people working in the construction…
The NAIOP CRE Sentiment Index reveals that overall sentiment is down from the spring 2022 report, suggesting that respondents expect unfavorable conditions for commercial real estate over the next 12 months. The current index is 47, down from April’s reading of 53, and from 56 in fall 2021. Just prior to the pandemic, the index was 57,…
The Inflation Reduction Act (IRA) was signed into law on August 16, 2022. The provisions included in this law address a wide range of financial efforts targeted at reducing the deficit while providing some tax reductions and incentives. Contractors and building designers for both individuals and businesses can benefit from the additional energy efficiency incentives…
On October 13, at its national conference in Denver, the Construction Specifications Institute (CSI) formally launched its first-ever end-user software, Crosswalk® for Microsoft Word®. The product, a user-friendly add-in for Word, promises to make construction planning more accurate, convenient, and efficient. The product places CSI’s core library of construction standards, MasterFormat®, UniFormat® and OmniClass® directly into Microsoft…
Durham, North Carolina, October 20, 2022 — Thomas & Hutton (T&H), a Southeast-based professional consulting firm, is pleased to announce the addition of Durham’s Coulter Jewell Thames, P.A. (CJT) to the team. With offices in North Carolina, South Carolina, Georgia, and Tennessee, T&H’s addition of CJT increases its presence in the Raleigh-Durham region. The combination…
Dodge Construction Network’s latest Civil Quarterly study reveals notable percentage change in expectations from previous quarter The latest edition of The Civil Quarterly (TCQ) from Dodge Construction Network reveals that contractors continue to expect an increase in revenue and profit margins, but notably less since last quarter, potentially due to acute supply chain issues and potential economic downturn. The…
The eighth annual ACI Excellence in Concrete Construction Awards showcased dozens of innovative concrete projects from around the world. The “Overall Excellence” award was presented to Chau Chak Wing Museum, located in Sydney, New South Wales, Australia. The winning concrete project also received first place in the mid-rise structures category at the ACI Excellence in Concrete Construction Awards…
CP Capital, a highly disciplined U.S. real estate manager specializing in multifamily investments, today announced its new partnership with Project Destined, a social impact education and investment platform that specializes in training underserved youth. Beginning in October, CP Capital will welcome fourteen students of diverse backgrounds to provide them with hands-on, one-on-one mentorship and the…
On the heels of our announcement regarding THS Constructors being a fully employee-owned company, we are proud to announce a restructuring of our internal management team. The new management structure will help better align our company’s mission with our goals, values, and culture. Evan Liollio – Senior Vice President – Chief Operating Officer Jon Landsverk…
For the twentieth consecutive month architecture firms reported increasing demand for design services in September, according to a new report today from The American Institute of Architects (AIA). The AIA Architecture Billings Index (ABI) score for September was 51.7 down from a score of 53.3 in August, indicating essentially stable business conditions for architecture firms…
