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Economy

2022 Starts with Strong Job Growth

by Conference Board on February 4, 2022

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…

Topics: Management
Economy

Construction Adds 110,000 Jobs in March: Here Comes the Tsunami of Growth, Says ABC

by Associated Builders and Contractors on April 2, 2021

Topics: Business
ABC, Construction Jobs, Economy

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 March 13, 2021

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…

Topics: Contracting, Featured
Bruce Yandle, economic outlook, Economy

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

by NAOIP on February 3, 2021

 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…

Topics: Markets
Economy, NAOIP

Taking a Look at the Prospects for the 2021 Economy

by Bruce Yandle, Dean Emeritus, College of Business & Behavioral Science, Clemson University on November 30, 2020

The arrival of December often signals a time to take a hard look at the closing year’s activity, consider key events and issues, and offer thoughts on the prospects for the year ahead.  But this year writing this sentence is a lot easier than following through. Indeed, the year now ending, beset as it was…

Topics: Featured
Bruce Yandle, Clemson University, Construction Economy, Construction Industry Forecast, Economy

The Conference Board Leading Economic Index® (LEI) for the U.S. Increased in July

by The Conference Board on August 20, 2020

 The Conference Board Leading Economic Index® (LEI) for the U.S. increased 1.4 percent in July to 104.4 (2016 = 100), following a 3.0 percent increase in June and a 3.1 percent increase in May. “The US LEI increased for the third consecutive month in July, albeit at a slower pace than the sharp increases in the previous two…

Topics: Business
Economy

U.S. Economic Growth Expectations Largely Unchanged as Lockdown Restrictions Ease

by Fannie Mae on June 16, 2020

Despite substantial revisions to the components constituting real GDP, headline growth expectations on a quarterly and full-year basis were only slightly changed compared to last month, according to the latest commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. The ESR Group now expects second quarter 2020 real GDP to fall 37.0 percent annualized, compared…

Topics: Business
Economy

ABC’s Construction Backlog Indicator Inches Higher in May; Contractor Confidence Continues to Rebound

by ABC on June 9, 2020

WASHINGTON, June 9—Associated Builders and Contractors reported today that its Construction Backlog Indicator rose to 7.9 months in May, an increase of less than 0.1 months from April’s reading. Furthermore, based on an ABC member survey conducted May 20-June 3, results indicate that confidence among U.S. construction industry leaders continued to rebound from the historically low…

Topics: Uncategorized
ABC, Construction Backlog Indicator, Economy

ABC’s Construction Backlog Indicator Rebounds in January

by ABC on March 17, 2020

WASHINGTON, March 17, 2020 — Associated Builders and Contractors reported today that its Construction Backlog rose to 8.9 months in January 2020, a 5.9% increase from December’s reading. Backlog for firms with less than $30 million in revenues expanded by nearly 20% after declining sharply in December.   “This represents yet another reminder that nonresidential construction and…

Topics: Business, Contracting
ABC, Construction Backlog Indicator, Economy

2020 CIRT Sentiment Index: First Quarter Report

by FMI Corporation on February 19, 2020

FMI Corporation, the leading provider of consulting and investment banking services to the Built Environment, is pleased to announce the release of the first quarter 2020 CIRT Sentiment Index. The CIRT Sentiment Index is a survey, conducted quarterly by FMI, of members of the Construction Industry Round Table. The CIRT is composed exclusively of approximately…

Topics: Business, Markets
Construction, Economy

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What We’re Reading

  • Op-Ed: Are we doing everything we can do to preserve our past?
    Source: Greenville Journal Published on May 28, 2022
  • Charlotte’s construction industry turns to veterans' military skills to combat labor shortage
    Source: Charlotte Business Journal Published on May 27, 2022
  • Basecamp health and wellness community breaks ground in Greenville
    Source: Upstate Business Journal Published on May 27, 2022
  • M Peters Group’s East Main project expected to transform downtown Spartanburg
    Source: Upstate Business Journal Published on May 27, 2022
  • On the Move: Mark Hinson
    Source: Upstate Business Journal Published on May 26, 2022

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