Your source for construction industry news in the Carolinas
Economic growth in the United States will continue in 2020, say the nation’s purchasing and supply management executives in the December 2019 Semiannual Economic Forecast. Expectations are for a continuation of the growth that began in mid-2009, as indicated in the monthly ISM® Report On Business®. The manufacturing sector is optimistic about growth in 2020, with revenues expected to increase in…
Interested in an economic update tailored for companies involved in residential and commercial construction in the Carolinas? If so, you will want to register for the 4th Annual Construction Industry Symposium offered by Clemson University’s Nieri Family Department of Construction Science and Management (CSM) — set for October 10, 2019, in Greenville, S.C. In his session, titled…
The Fed is likely to cut interest rates twice more in 2019, the 2020 presidential election will have little to no effect on a booming economy, and the answer to the question everyone wants to know about the likelihood of a recession in the coming months is a resounding no. The mostly rosy economic forecast laid out…
Construction employment expanded by 52,000 net new jobs in January, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. Industry employment is up by 338,000 net jobs on a yearly basis, which represents an increase of 4.7 percent. Nonresidential construction employment grew by 28,600 net…
Dr. Bruce Yandle, Dean Emeritus, Clemson University College of Business & Behavioral Science, will speak about the impact of the economy on the construction industry as keynote speaker for Clemson’s 3rd Annual Construction Industry Symposium scheduled for Thursday, October 11, 2018, at the Greenville Marriott (S.C.). Dr. Yandle’s presentation, “The Economic Situation: The Nation, Region, and Construction…
Construction contractors remained confident during the second quarter of 2018, according to the latest Construction Confidence Index released by Associated Builders and Contractors. More than three in four construction firms expect that sales will continue to rise over the next six months, while three in five expect higher profit margins. More than seven in 10…
NAIOP, the Commercial Real Estate Development Association, has released the NAIOP CRE Sentiment Index for Spring 2018, a composite of nine survey questions that represents the outlook of commercial real estate developers, owners and investors. NAIOP Sentiment Index The Index of 0.46 indicates that respondents believe, as a group, that overall market conditions 12 months…
Economic momentum supported by tax reform and federal infrastructure programs will play key roles in the demand for concrete construction in the years ahead, said Ed Sullivan, Portland Cement Association (PCA) Senior Vice President and Chief Economist. At a press conference during the 2018 World of Concrete in Las Vegas, Sullivan offered a glimpse at…
Construction input prices rose yet again in September, according to an analysis by Associated Builders and Contractors (ABC) of data released today by the Bureau of Labor Statistics. Non-residential construction input prices rose 0.8 percent in September and 4.3 percent compared to this time last year. Overall, construction materials prices rose 0.8 percent over the…
Kermit Baker, PH.D., chief economist for the American Institute of Architects (AIA) for more than 20 years, kicked-off the morning session at Clemson University’s Second Annual Symposium for the construction industry with the morning’s keynote session, titled “Construction Outlook: Challenges and Opportunities.” Dr. Baker provided a comprehensive overview of the economic issues and trends impacting the architecture, engineering and…
