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Construction

8 Ways Subcontractors Can Manage Labor Shortages

by Jeffrey Wright, eSub on April 3, 2022

Labor shortages are making it difficult for subcontractors to find workers—especially those who are well-trained and in-demand. According to the Home Builder Institute Construction Labor Market Report, the construction industry needs over 2 million more workers over the next three years to keep up with the booming demand for new houses amid the labor shortage.Subcontractors need to be…

Topics: Business, Contracting
Construction

FMI Releases 2022 Engineering and Construction Industry Overview and First Quarter Outlook

by FMI on January 26, 2022

FMI Corporation, the leading provider of consulting and investment banking services to the built environment, released the 2022 Engineering and Construction Industry Overview today. The report provides a comprehensive forecast for a broad range of construction and engineering segments in the U.S. and Canada for 2022. Entering 2022, FMI expects construction spending to increase by 5%. But…

Topics: Business, Management
Construction, Economics, FMI

Graycor Opens Office in Greenville, SC

by GroundBreak Carolinas Staff on January 17, 2022

Graycor, a national leading provider of construction, maintenance, and facilities services, announced the opening of an office in Greenville, SC. The new location will support the company’s growth in the Southeast. Founded in Chicago in 1921, Graycor provides construction services to a range of industries including retail, commercial, ecommerce, automotive, manufacturing, warehouse and distribution, process…

Topics: Business, Contracting, Markets
Construction, Graycor

Construction Outlook 2022: What PCL Experts say the New Year Could Bring for Manufacturing, Sports Arenas, and More

by PCL Construction on December 13, 2021

 From building the data centers that power the remote world to reshaping the future of sports arenas, experts say the critical role construction plays in everyday life will be brought to the forefront in 2022. PCL Construction executives from across the company share the challenges, solutions, and opportunities the new year offers the industry. Manufacturing…

Topics: Business
Construction

New Study Reveals Influence of Pandemic, New Tech and Company Size on Construction Safety Management

by Dodge Construction Network on September 21, 2021

COVID-19 and new technologies are creating significant changes in how contractors manage safety, according to a new study from Dodge Data & Analytics. There are stark variations in how companies of different sizes are responding, with small employers lagging behind their larger peers. Safety Management in the Construction Industry 2021 SmartMarket Report, the fifth in this…

Topics: Business, Safety
Construction, Pandemic, Safety, Technology

Total Construction Starts Slip in June

by Dodge Data and Analytics on July 20, 2021

Total construction starts lost 7% in June, slipping to a seasonally adjusted annual rate of $863.6 billion, according to Dodge Data & Analytics. All three major sectors (residential, nonresidential building, and nonbuilding) pulled back during the month. Single family housing starts are feeling the detrimental effects of rising materials prices. Large projects that broke ground in…

Topics: Business
Construction, Dodge Index

ABC’s Construction Backlog Inches Higher in May; Materials and Labor Shortages Suppress Contractor Confidence

by Associated Builders and Contractors on June 15, 2021

Associated Builders and Contractors reports today that its Construction Backlog Indicator rose to 8.0 months in May, according to an ABC member survey conducted from May 20 to June 2, 0.1 months higher than in April 2021 and May 2020. While ABC’s Construction Confidence Index readings for sales increased modestly in May, confidence regarding profit…

Topics: Contracting, Featured
ABC, Construction

Nonresidential Construction Spending Down 1.3% in February, Says ABC

by Associated Builders and Contractors on March 31, 2021

National nonresidential construction spending declined 1.3% in February, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $789.5 billion for the month. On a monthly basis, spending was down in 13 of 16 nonresidential subcategories. Private nonresidential spending…

Topics: Business, Contracting
Construction

New “PRO Act” Will Hurt Construction Workers, Undermine Their Privacy And Make It Hard For The Economy To Recover, Official Warns

by Associated General Contractors on February 20, 2021

Measure Denies Workers Absolute Right to Secret and Fair Union Elections, Forces Them to Become the Victims of Union Disputes, Will Unleash Strikes and Disruptions that Will Kill Jobs, Hurt Recovery The Associated General Contractors of America’s chief executive officer, Stephen E. Sandherr, issued the following statement in reaction to the introduction in Congress today…

Topics: Business, Contracting
AGC, Construction, PRO Act

Majority of Construction ESOPs Not Significantly Impacted by COVID-19

by Prairie Capital Advisors, Inc. on February 14, 2021

Prairie Capital Advisors, Inc. (“Prairie”), a leading middle-market investment bank, recently released its ESOP Construction Industry Survey. Prairie works with owners of private construction businesses across the country, providing advisory services to support their growth and ownership transition strategies. Many of its clients in the construction industry have decided on an ESOP as part of…

Topics: Business, Finance / Bonding
Construction, ESOP

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What We’re Reading

  • Food manufacturer taps Gastonia for $42M investment
    Source: Business North Carolina Published on May 24, 2022
  • Food company Häns Kissle taps NC for 219-job investment
    Source: Raleigh Business Journal Published on May 24, 2022
  • Food manufacturer Häns Kissle to add 219 jobs, invest $42.3M at Gaston County industrial park
    Source: Charlotte Business Journal Published on May 24, 2022
  • Greenville City Council Notes: Unity Park tower approved
    Source: Greenville Journal Published on May 24, 2022
  • Raleigh real estate firm joins $14.8M deal for Holly Springs facility
    Source: Raleigh Business Journal Published on May 24, 2022

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