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Your source for construction industry news in the Carolinas

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Management

2022 Starts with Strong Job Growth

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…

FMI Releases 2022 Engineering and Construction Industry Overview and First Quarter Outlook

January 26, 2022

FMI Corporation, the leading provider of consulting and investment banking services to the built environment, released the 2022 Engineering and Construction Industry Overview today. The report provides a comprehensive forecast for a broad range of construction and engineering segments in the U.S. and Canada for 2022. Entering 2022, FMI expects construction spending to increase by 5%. But…

How to Apply the Pareto Principle at Work and at Home

January 31, 2021

The 80/20 rule, also known as the Pareto Principle, is the idea that 20% of your efforts bring 80% of your results. The idea applies to many things in life. 20% of your customers make up 80% of your revenue. 20% of your employees make 80% of the complaints. 20% of your customers are 80%…

Construction Recovers Lost Jobs as Economy Bounces Back in the 3rd Quarter, Reports Marcum Commercial Construction Index

December 15, 2020

The Marcum Commercial Construction Index for the third quarter of 2020 reports that the industry continues to recover jobs lost from the recession caused by COVID-19. Construction employment has rebounded since plummeting in March and April, and the industry’s unemployment rate stands at 6.8% as of October, just below the 6.9% percent rate observed across all industries….

New Survey of Small Business Shows Slight Uptick in Optimism

July 9, 2020

Today, the National Small Business Association (NSBA) is releasing a new survey on how COVID-19 is impacting America’s small businesses and what they anticipate in the coming months ahead. The survey shows modest improvements in small-business confidence and economic outlook, and a lower overall impact of the pandemic. “Despite these gains in outlook, COVID-19 continues…

Business Lessons from a Professional Athlete

October 14, 2018

We use sports analogies often in the business world. Winning comes from motivation and determination. Practicing hard and focusing on the details will lead us to victory. Never give up until the game is over. The phrases could go on. But very rarely do those of us in business consider the possibility that a practicing…

Construction Employment Rises in 45 States

August 17, 2018

Forty-five states and the District of Columbia added construction jobs between July 2017 and July 2018, while 29 states and D.C. added construction jobs between June and July, according to an analysis by the Associated General Contractors of America of Labor Department data released today. Association officials cautioned that continued job gains may depend on…

DOL Announces New Pilot Program to Expedite Resolution of Wage Violations

March 19, 2018

The Wage and Hour Division (WHD) has announced a new nationwide pilot program, the Payroll Audit Independent Determination (PAID) program, which facilitates resolution of potential overtime and minimum wage violations under the Fair Labor Standards Act (FLSA). The program’s primary objectives are to resolve such claims expeditiously and without litigation, to improve employers’ compliance with…

The Top Issues Facing Construction in 2018

February 16, 2018

Several industry surveys and reports forecast continued growth in the construction industry. Albeit, the growth shows a modest 4.8% increase, different from the double-digit growth in previous years. Regardless, there is still a general sense of optimism. With continued growth and positive outlook in the construction industry, what can possible be keeping construction executives up…

GroundBreak Carolinas 2018 Outlook Survey Feedback

January 7, 2018

Last month, GroundBreak Carolinas asked our readers for their thoughts on 2018. While your feedback was generally positive, there were some very interesting comments. We’ve compiled some of your comments and feedback. Our editorial staff categorized your comments. Business “Medical costs continue to be a huge burden for small contractors like us. We have 60…

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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

Recent Posts

  • Hill Electric Provides Scholarships for Graduating Seniors in Construction Program at ACTC
  • Celebrating 5 Years at GroundBreak Carolinas
  • Introducing FORVIS: New Name for Planned Merger of BKD and DHG Reflects the Firm’s Forward Vision
  • Women, Wellness and Work: AEC Professionals in Charlotte Come Together for Annual Women in Architecture Event
  • Stephen L. Davis, President & CEO of Davis & Floyd, Honored by The Citadel for Engineering Excellence

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