Your source for construction industry news in the Carolinas
What are your thoughts on the economy related to construction in the Carolinas in 2022? Based on what I am hearing, both from clients, industry friends, and construction knowledgeable economists, 2022 has the potential to look a lot like 2021. I think that is good news for most contractors. However, the lingering supply chain issues,…
WASHINGTON, Dec. 15, 2020 — Associated Builders and Contractors’ Chief Economist Anirban Basu forecasts a recession threat for the construction sector next year, but has illuminated some potential economic bright spots, such as e-commerce and Class B office space, according to a 2021 economic outlook published in Construction Executive magazine. Although ABC’s Construction Backlog Indicator—a leading indicator…
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…
Adapting to market conditions is not a new concept to the construction industry. While the industry has experienced varying degrees of impact from COVID-19, economic uncertainty is undoubtedly top of mind. During a recent DHG webinar in October 2020 with FMI Corporation professionals Alex Miller and Jay Bowman and DHG Partner Mike Trammell, the panelists…
For the eighth consecutive year, construction industry executives say they feel optimistic about the year ahead for their business sector, according to the 43rd Wells Fargo (NYSE:WFC) Construction Industry Forecast released today. The 2019 forecast reveals sustained confidence for the industry and expectations that expansion is more likely than contraction. The results are a tempered…
