Groundbreak Carolinas

GroundBreak Carolinas

Your source for construction industry news in the Carolinas

Economy

Tariffs and the Transformation of Construction Financing and Delivery

by Brian Gallagher on

Rising Tariffs Reshape Project Economics and Delivery Strategies Surging material costs, driven in part by ongoing U.S. trade policies and global economic dynamics, are forcing a fundamental reassessment of how construction projects are financed, structured, and delivered. These changes are especially evident in industrial and manufacturing sectors, where material-intensive builds are disproportionately affected by volatility…

March Construction Employment Up Just 1.8% Year Over Year

by Associated Builders and Contractors on

The construction industry added 13,000 jobs on net in March, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has risen by a mere 143,000 jobs, an increase of 1.8%.  Nonresidential construction employment increased by 22,300 positions on net…

NAOIP: Commercial Real Estate Sentiment Rebounds

by NAOIP on

The NAIOP CRE Sentiment Index, which measures industry expectations for commercial real estate market conditions over the next 12 months, has increased significantly from the last survey conducted in the Spring. The Index climbed to 56, indicating that respondents expect conditions for commercial real estate development to improve over the next year. The NAIOP CRE Sentiment…

Dodge Momentum Index Gained 10% in June

by Dodge Construction on

The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased by 10.4% in June to 198.6 (2000=100) from the revised May reading of 179.9. Over the month, commercial planning increased 14.5% and institutional planning ticked up 0.2%.    “Data centers continued to dominate planning projects in June – fueling another strong month for commercial planning,” stated…

ABC’s Construction Backlog Indicator Jumps in September; Contractor Confidence Remains Steady

by Associated Builders and Contractors on

Associated Builders and Contractors reports today that its Construction Backlog Indicator increased to 9.0 months in September, according to an ABC member survey conducted Sept. 20 to Oct. 5. The reading is 1.4 months higher than in September 2021. Backlog reached its highest level since May 2022 and is once again above the level observed…

Construction Employment Increases by 16,000 in August, Says ABC

by Associated Builders and Contractors on

The construction industry added 16,000 jobs on net in August, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has risen by 311,000 jobs or 4.2%. Nonresidential construction employment rose by 4,300 positions on net, with positive growth in…

2022 Starts with Strong Job Growth

by Conference Board on

Today’s jobs report showed a better-than-expected increase in the number of jobs in January. Disruptions related to the Omicron variant do not seem to have derailed continued progress in the labor market. However, headwinds for employers persist, as labor shortages are still severe and economic activity remains healthy. Nonfarm payroll employment increased by 467,000 in…

With the Ides of March Upon Us, What’s the Economic Situation?

by Bruce Yandle, Dean Emeritus, College of Business & Behavioral Science, Clemson University on

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…

Commercial Real Estate Development and Operations Support 8 Million Jobs, Contributes More Than $1 Trillion to the Economy

by NAOIP on

 New development of commercial real estate and of the ongoing operations of existing commercial real estate buildings in the United States – office, industrial, warehouse and retail – supported 8 million American jobs, contributed $1.01 trillion to the U.S. GDP in 2020, and generated $338.1 billion in personal earnings –  according to “Economic Impacts of…