Your source for construction industry news in the Carolinas
Associated Builders and Contractors reported today that its Construction Backlog Indicator increased to 8.4 months in January, according to an ABC member survey conducted Jan. 21 to Feb. 3. The reading is unchanged from January 2024. View the full Construction Backlog Indicator and Construction Confidence Index data series. The monthly increase in backlog was concentrated…
Bringing more than 20 years of expertise in the construction field, Anne Lusterio has become a pioneer, bridging the gap between technical knowledge, financial competence, and inspirational leadership. From overseeing mega-projects in Dubai, including iconic skyscrapers, metros, marine developments, and oil and gas refineries, to leading luxury residential ventures in California, Anne has left a permanent mark on the…
Graycor Co-Chairs Matthew Gray and Steven Gray announced that Dave Wing has been promoted to CEO from President and COO of the Graycor family of companies. Wing joined Graycor as a project engineer in 1991 and has been promoted several times throughout the past 33 years, helping to grow the company through safety leadership, client…
Marcum LLP, a leading advisory firm, released their 2024 Construction Survey that identifies critical industry trends amid economic uncertainty. Some broad trends are evident in this year’s survey of construction industry leaders. Some are all too familiar, such as the ongoing struggle to find and retain skilled labor. Others show new approaches or opinions in…
The Construction Industry Round Table (CIRT) and FMI recently released their CIRT Sentiment Index, 3rd Quarter 2024. The third quarter 2024 CIRT Sentiment Index declined, indicating respondents are less optimistic about future opportunities. The overall index score fell to 62.6 from 67.0 in the prior quarter. The third quarter Design Index also retreated, dropping to…
The Dodge Momentum Index (DMI), issued by Dodge Construction Network, fell 1.4% in February to 180.5 (2000=100) from the revised January reading of 183.0. Over the month, commercial planning fell 2.3% and institutional planning ticked up 0.1%. “Weaker office and healthcare planning constrained nonresidential planning in February,” stated Sarah Martin, associate director of forecasting for Dodge. “However,…
Construction projects are inherently complex, requiring careful planning and execution to ensure success. The most common scheduling method in construction is known as the Critical Path Method (CPM) and it’s broken. This scheduling method has proved itself unsuccessful on vertical construction projects time and time again. CPM was originally created for Dupont Chemical while attempting…
As technology continues to evolve, construction marketers are constantly seeking new ways to streamline their processes and improve their effectiveness. Tools based on Artificial Intelligence (AI), the ability of machines to perform tasks that would normally require human intelligence, are accelerating in user adoption. One tool that is becoming increasingly popular among construction marketers is…
Large Increases Hit Price Indexes for Flat Glass, Metals, Cement, and Paving Materials; Association Officials Urge Federal Leaders to Ease Proposed Rules that Will Make Products Even More Expensive The price of materials and services used in nonresidential construction increased by 0.4 percent from January to February, outpacing the 0.1 percent increase in contractors’ bid…
The Travelers Companies, Inc. (NYSE: TRV) today launched the Travelers Innovation Network for Construction, an online platform providing construction customers with access to industry insights, as well as a curated group of technology providers and solutions aimed at improving productivity and safety on job sites. “Technology has the potential to help mitigate risk, but it can…
