Your source for construction industry news in the Carolinas
The construction industry had 202,000 job openings on the last day of February, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey. JOLTS defines a job opening as any unfilled position for which an employer is actively recruiting. Industry job openings…
Construction executives know better than most how fragile our infrastructure can be in the face of hurricanes, wildfires, floods, and other disasters. Deloitte’s new report, AI for Infrastructure Resilience, makes a clear case: artificial intelligence isn’t just another buzzword; it’s a tool that could prevent billions in damage and transform how the industry prepares, responds,…
Gray’s self-perform arm, NexGen Contracting, is helping meet this demand through strategic delivery of high-volume concrete, structural steel erection, and mechanical installations. With U.S. construction labor markets tightening, self-perform capabilities are becoming an increasingly critical differentiator for industrial contractors. Recent labor data highlights the challenge: while construction added 4,000 jobs, total employment remains tight at 8.3 million….
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…
