Your source for construction industry news in the Carolinas
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…
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…
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…
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…
Recently Rob McKinney, director of business development for eSUB, and Steve Coughran, founder and CEO of Coltivar, hosted a webinar to help construction executives transform their businesses. Here are some of the highlights of that webinar. Many construction businesses have survived all the challenges in recent years. But how are they performing under today’s conditions?…
A statewide campaign titled Safety First is reaching out to employers and workers in the construction industry during December to provide additional information, trainings, resource materials, and safety guidelines to reduce the spread of COVID-19 on construction sites. As part of the campaign, two virtual workshop sessions (one in English and the other in Spanish)…
After seven months of falling prices, engineering and construction costs rose in November, according to IHS Markit (NYSE: INFO) and the Procurement Executives Group (PEG). The current headline IHS Markit PEG Engineering and Construction Cost Index registered 50.3 in November. The materials and equipment portion of the index came in below 50, indicating respondents are seeing falling prices in…
Total construction starts rose 12% in October to a seasonally adjusted annual rate of $787.9 billon. While sizeable, the increase does not erase September’s substantial pullback in starts. All three major categories moved higher over the month, nonbuilding starts rose 25%, nonresidential buildings increased 19%, while residential activity gained 2%. Four of the five regions…
CCA, Construction Consulting Associates LLC and Thompson Construction Group formally announced the formation of CCT Partners, a first-of-its-kind joint venture to deliver end-to-end services to restore, rebuild, and reimagine properties in distress. Together, these industry leaders and their extensive network of strategic partners will assess property conditions and address troubled projects, bond defaults, and disasters—financial…
The impact of the global pandemic of COVID-19 is far-reaching. The government-mandated shutdowns and strict social distancing rules have greatly affected the way we live and work. The social distancing and enhanced safety protocols will significantly impact how we work, how productive we can be, and how much money we stand to make. More and…
