Your source for construction industry news in the Carolinas
National nonresidential spending increased 0.1 percent in October, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data released today. Total nonresidential spending for the month stood at $763.8 billion on a seasonally adjusted annualized rate, which represents a 7.3 percent increase over the same time last year. Thirteen out of 16…
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…
Construction activity in South Carolina continues at a brisk pace. But what does the future hold for construction activity in the Palmetto State? “If you thought 2017 felt like it was a good year, then you ought to feel pretty good about 2018 and 2019,” said Dr. Bruce Yandle, an economist with George Mason University, and…
The U.S. economy grew by 2.3 percent in 2017, while fixed investment increased at an annual rate of 7.9 percent, according to an Associated Builders and Contractors (ABC) analysis of data released today by the Bureau of Economic Analysis. The economy expanded at an annual rate of 2.6 percent during the fourth quarter of 2017…
The Dodge Momentum Index grew 3.6% in December to 153.9 (2000=100) from the revised November reading of 148.6. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. December’s increase was…
FMI Corporation has released its latest construction forecast, the FMI Outlook, in a new streamlined format, designed to improve user experience and access to important data. FMI’s Q3 2017 forecast predicts an increase of 4% for total construction put in place for 2017 and an increase of 5% in 2018. The primary growth segments in…
Construction activity declined in August, as the Dodge Momentum Index moved lower, falling 2.4% to 129.1 (2000=100) from its revised July reading of 132.2. Published monthly, the Momentum Index is a measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for non residential…
