Your source for construction industry news in the Carolinas
With 2023’s first month behind us and more 2022 data in hand, this is a good time to look closer at the year just ended and consider images now forming for the year ahead. An assessment of the world situation by the global consultancy PwC presented a few weeks ago at the Davos World Economic…
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…
As we examine the approaching mid-year economy, we see the results of a perplexing mix of major economic forces. To draw an analogy, multiple large boulders are hitting the economic lake, and each one is creating waves and turbulence. The 2021 COVID-rebounding U.S. economy, lifted by past massive deficit spending and low-interest rate monetary policy,…
The Department of Commerce’s first estimate for 2021’s fourth quarter real GDP growth came in at a resounding 6.9%, the highest quarterly rate since 1984, which also happened to be a year, like 2021, when the economy was rebounding from a severe recession. The 6.9% quarterly growth estimate was enough to yield 5.7% real GDP…
With 2021’s fourth quarter upon us, it’s increasingly clear that what I call a Frankenstein economy is upon us. No, I don’t mean we are dealing with an out-of-control monster that could turn on us and wipe us out, but I do mean that we have an economy sutured together in Washington and other national…
Mid-year is approaching. Stimulus money is flowing. The share of the U.S. population receiving virus vaccinations is soaring, “Now Hiring” signs are dotting the landscape, and the Communicable Disease Center has partly relaxed its mask requirement. Flush with money and less fearful, the American consumer is shopping again. Finally, it seems, the U.S. economy has…
With 2021’s first two months under our belt, a new administration in the White House, and better virus news at hand, what can we say about the economic situation, especially as it relates to the Carolinas and our region? More specifically, what do the soothsayers predict for national GDP growth, interest rates, and inflation? Will…
The arrival of December often signals a time to take a hard look at the closing year’s activity, consider key events and issues, and offer thoughts on the prospects for the year ahead. But this year writing this sentence is a lot easier than following through. Indeed, the year now ending, beset as it was…
Dr. Bruce Yandle, Dean Emeritus, Clemson University College of Business & Behavioral Science, will speak about the impact of the economy on the construction industry as keynote speaker for Clemson’s 3rd Annual Construction Industry Symposium scheduled for Thursday, October 11, 2018, at the Greenville Marriott (S.C.). Dr. Yandle’s presentation, “The Economic Situation: The Nation, Region, and Construction…
GroundBreak Carolinas is pleased to be the media sponsor for the 3rd Annual Construction Industry Symposium offered by Clemson University’s Department of Construction Science and Management (CSM). Registration is now open for “The Ever-Changing World of Construction: Today’s Challenges, Tomorrow’s Opportunities,” a regional conference, to be held at the Greenville Marriott (South Carolina) on Thursday,…
