Your source for construction industry news in the Carolinas
As we approach mid-year, this is a good time to assess the economic situation. First, we will focus on the nation. Then, the Carolinas. As indicated in the next chart, the latest Commerce Department estimate for first quarter GDP growth for the nation shows negative growth. I point out that the estimate was troubled by…
Construction costs climbed again in March, with increases for a wide range of building materials, including many that are subject to proposed tariffs that could drive prices still higher and cause scarcities, according to an analysis by the Associated General Contractors of America of Labor Department data released today. Association officials warned that tariffs on…
“These new tariffs will cause significant harm to the nation’s construction industry, put tens of thousands of high-paying construction jobs at risk, undermine the President’s proposed infrastructure initiative and potentially dampen demand for new construction projects for years to come. That is because the newly-imposed tariffs will lead to increases in what construction firms are…
