Your source for construction industry news in the Carolinas
As we examine the approaching mid-year economy, we see the results of a perplexing mix of major economic forces. To draw an analogy, multiple large boulders are hitting the economic lake, and each one is creating waves and turbulence. The 2021 COVID-rebounding U.S. economy, lifted by past massive deficit spending and low-interest rate monetary policy,…
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,…
With 2021’s fourth quarter upon us, it’s increasingly clear that what I call a Frankenstein economy is upon us. No, I don’t mean we are dealing with an out-of-control monster that could turn on us and wipe us out, but I do mean that we have an economy sutured together in Washington and other national…
Mid-year is approaching. Stimulus money is flowing. The share of the U.S. population receiving virus vaccinations is soaring, “Now Hiring” signs are dotting the landscape, and the Communicable Disease Center has partly relaxed its mask requirement. Flush with money and less fearful, the American consumer is shopping again. Finally, it seems, the U.S. economy has…
On Wednesday, March 17, 2021, Carolinas AGC’s Connect & Learn series presented a North Carolina Economic Update and Outlook from nationally acclaimed NC State Economist Dr. Michael Walden. During the CAGC member luncheon, Dr. Walden shared his prediction that the strength of NC and SC economies likely will exceed pre-pandemic levels in the future because…
With 2021’s first two months under our belt, a new administration in the White House, and better virus news at hand, what can we say about the economic situation, especially as it relates to the Carolinas and our region? More specifically, what do the soothsayers predict for national GDP growth, interest rates, and inflation? Will…
I think we are all thankful to have 2020 behind us and are optimistic about this new year. As I reflect on 2020 several things struck me. In a Presidential election year, July through mid-November is a slow time for economic developers. Companies typically would put any plans they have regarding expansions/relocation on hold until…
