Construction Materials Outlook Released by FMI
An Analysis of the 2018 Construction Materials Market and M&A Expectations for 2019 FMI Capital Advisors, the leading investment banking services firm serving the construction materials sector, is pleased to announce the release of its latest research report, Understanding the Balance: An Analysis of the 2018 Construction Materials Market and M&A Expectations for 2019. In…
Construction Firms Plan to Add Headcount in 2019
Seventy-nine percent of firms plan to hire, but are concerned about their ability to find workers. Seventy-nine percent of construction firms plan to expand their payrolls in 2019 but an almost equal percentage are worried about their ability to locate and hire qualified workers, according to survey results released today by the Associated General Contractors…
November Construction Unemployment Rates Down in 44 States Year Over Year, Says ABC
Estimated November construction unemployment rates fell nationally and in 44 states on a year-over-year basis, according to an analysis of U.S. Bureau of Labor Statistics data released today by Associated Builders and Contractors. As the November 2018 not seasonally adjusted national construction unemployment rate fell 1.1 percent from a year ago to 3.9 percent, the…
Graduates of Upstate S.C. Electrical Apprenticeship Program Honored at December Ceremony
Four newly registered electricians in Upstate South Carolina were lauded by their respective employers, course instructors and others at a private graduation ceremony last month. The celebration recognized the group’s successful completion of a rigorous four-year, S.C. Department of Labor registered electrical apprenticeship program. Registered apprenticeships are employer-sponsored training programs that produce highly skilled…
Salaries are on the Rise in the Construction Industry
Skilled craft professionals continue to earn high wages, according to NCCER’s 2018 Construction Craft Salary Survey. More than 130 industrial and commercial construction companies across the U.S., representing over 350,000 employees, participated in the survey. The individual craft areas reported provide average annual salaries, not including overtime, per diem, bonuses or other incentives. In North…
ABC’s Construction Backlog Indicator Sinks Below Record Highs in Q3 2018
Associated Builders and Contractors reports that its Construction Backlog Indicator contracted to 9.04 months during the third quarter of 2018, down 8.4 percent from the second quarter and 4.3 percent lower than the same time last year. “Construction backlog reached its highest level ever during the second quarter,” said ABC Chief Economist Anirban Basu. “While…
McCrory’s Don Warren in the Spotlight at Design-Build Institute of America’s 25th Anniversary Celebration
Donald G. Warren, Executive Vice President with Columbia-based McCrory Construction, has a long list of distinctions in the design-build arena. Since joining McCrory three years ago to help the century-strong company grow its long-time presence in the industrial market, Warren has continued a 30-year legacy of successful design-build project delivery in the Carolinas. Warren leads…
ABC Carolinas Chapter’s 17th Annual Excellence in Construction Gala Honors Noteworthy Projects from Across Both States
Associated Builders and Contractors (ABC) Carolinas Chapter honored over 70 projects collectively worth $950 million at the 17th annual Excellence in Construction Awards Gala on November 15, 2018, at the Hilton Charlotte Center City. Close to 550 members of the Carolinas construction community were there to pay tribute to the teams who built these impressive…
Where Do You Think the Carolinas’ Construction Economy is Headed in 2019?
During the last few years, the construction economy in North Carolina and South Carolina has been strong. As we head into 2019, trade wars, rising material prices, economic uncertainty, work force shortages and numerous other factors could impact the industry. The GroundBreak Carolinas staff is interested in your thoughts and feedback on the Carolinas’ construction…
Safety Management Systems and Their Impact on Your Business | Part Four: Hazard Recognition, Evaluation, and Control
We are pleased to continue with our GroundBreak series “Your Safety Manual Isn’t Enough.” While discussing the importance of building a safety program beyond a written manual, our series focuses on the need for a Safety Management System (SMS) while exploring common SMS components. Safety Management Systems are a collection of efforts, programs, and strategies…
