|GroundBreak Carolinas is pleased to share thoughts and insights from key leaders in the construction industry from North Carolina and South Carolina. Frank Elmore, Elmore Goldsmith, shares his thoughts on the construction industry: |
What are your thoughts on the Carolinas’ Construction industry?
The skilled worker shortage will continue to be an issue. I believe the
Carolinas construction volume and activity will remain about the same.
The uncertainty of a trade war with China looms large for the Carolinas. The costs of steel and aluminum are highly impacted by tariffs. Not only does it impact capital investment, but could be a major inflationary factor resulting in the Federal Reserve adopting more aggressive policies such as increasing interest rates.