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GroundBreak Carolinas

Your source for construction industry news in the Carolinas

Construction

Construction Input Costs Rise 0.4 Percent In February, Outpacing Bid-Price Increase Of 0.1 Percent, As Wide Variety Of Materials Posts Price Gains

by Associated General Contractors on

Large Increases Hit Price Indexes for Flat Glass, Metals, Cement, and Paving Materials; Association Officials Urge Federal Leaders to Ease Proposed Rules that Will Make Products Even More Expensive The price of materials and services used in nonresidential construction increased by 0.4 percent from January to February, outpacing the 0.1 percent increase in contractors’ bid…

Travelers Introduces Innovation Network for Construction Industry

by Travelers on

The Travelers Companies, Inc. (NYSE: TRV) today launched the Travelers Innovation Network for Construction, an online platform providing construction customers with access to industry insights, as well as a curated group of technology providers and solutions aimed at improving productivity and safety on job sites. “Technology has the potential to help mitigate risk, but it can…

Weakened Economy and Higher Borrowing Costs Dog Construction Industry, Reports Marcum Survey

by Marcum on

The Marcum Commercial Construction Index for the second quarter of 2022 reports that the construction industry continues to face rising costs and shortages of both labor and materials, but now also must contend with a weakening economy and elevated borrowing costs. Notably, the residential sector has weakened significantly, while the outlook remains dicey for the nonresidential sector….

8 Ways Subcontractors Can Manage Labor Shortages

by Jeffrey Wright, eSub on

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…

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

by FMI on

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…

Graycor Opens Office in Greenville, SC

by GroundBreak Carolinas Staff on

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…

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

by PCL Construction on

 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…

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

by Dodge Construction Network on

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…

Total Construction Starts Slip in June

by Dodge Data and Analytics on

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…

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

by Associated Builders and Contractors on

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…