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Your source for construction industry news in the Carolinas

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Management

CEO Confidence and Consumer Demands on the Rise: Marcum-Hofstra CEO Survey

February 28, 2023

Middle-market CEOs are feeling better about the current business climate and less fearful the economy will fall into recession, according to the latest CEO survey from Marcum LLP and Hofstra University’s Frank G. Zarb School of Business. Highlights of the survey, conducted earlier this month, also reveal that about a quarter of companies have begun to use artificial…

Improving Organizational Self-Image

October 30, 2022

Improving this will not only help you attract and keep good people, but it will also bring in new clients. Everyone keeps talking about how difficult it is to find and keep truly outstanding people in their firms. There’s a little secret on how to do that – one that I have never seen anyone write…

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

August 18, 2022

The Conference Board Leading Economic Index® (LEI) for the U.S. decreased by 0.4 percent in July 2022 to 116.6 (2016=100), after declining by 0.7 percent in June. The LEI was down by 1.6 percent over the six-month period from January to July 2022, a reversal from its 1.6 percent growth over the previous six months. “The US LEI declined for a…

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…

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What We’re Reading

  • Fulfilling the military supply chain
    Source: Business North Carolina Published on May 29, 2023
  • On the Move: Kristen A. Lassa
    Source: Upstate Business Journal Published on May 29, 2023
  • Anderson University names Lisa Zidek dean of College of Engineering
    Source: Greenville Journal Published on May 27, 2023
  • Raleigh developer to continue battle over Elon project
    Source: Raleigh Business Journal Published on May 26, 2023
  • Glenn Patterson Wilson brings fresh sense of resolve to historic Halifax
    Source: Raleigh Business Journal Published on May 26, 2023

Recent Posts

  • Mental Health & Wellness: Key Components of Safety for Construction Industry
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  • Davis & Floyd Acquires Andrews Engineering, Expands Reach in South Carolina

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