Embarking on a New Year

The Year Ahead: The Economic Situation and Prospects for the Carolinas

Election Day is behind us and though not in office until January, President-elect Trump is already taking action to deliver on his campaign promises. Along with stated plans to deport illegal immigrants, cut taxes, and bring about an early end to war in Ukraine and Gaza, “Tariff man,” as he likes to style himself, has promised substantial border tax increases on all goods coming from Mexico, Canada and China. Making good on that promise raises serious economic issues for the nation and especially for the two Carolinas. Read more from Dr. Bruce Yandle.

Favorable Financing Creating Construction Tailwind as Labor Shortage Continues

More favorable interest rates and materials prices are colliding with an ongoing labor shortage, bringing a mix of challenges and opportunities for construction project owners. Read more from DPR Construction’s latest Market Conditions Report.

Congratulations to ABC Carolinas Member Firms Achieving AQC Status, National Quality Accreditation

ABC Carolinas extends its congratulations to all member firms recognized as Accredited Quality Contractors (AQC) by Associated Builders and Contractors (ABC) last month. These 34 Carolina-based companies have achieved this esteemed national credential as a result of their dedication to corporate responsibility, showcasing their commitment across five key areas: Quality, Safety Performance, Talent Management, Craft and Management Education, and Community Relations, Inclusion, Diversity, and Equity. Read more.

ABC’s Construction Backlog Indicator Holds Steady in November, Contractor Confidence Surges

Associated Builders and Contractors reported that its Construction Backlog Indicator remained unchanged at 8.4 months in November, according to an ABC member survey conducted Nov. 20 to Dec. 3. The reading is down 0.1 months from November 2023. Read more.

How AEC Students Benefit from ASC Design-Build Competition

Last month A M King provided the project for our fifth Associated Schools of Construction event — the ASC Design-Build Competition. What an amazing opportunity it has been to meet and engage with such talented young men and women who will no doubt be future leaders within the AEC industry. Read more.

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