New South Monthly News Dear Friends, It’s hard to believe we’re already at the end of 2018. It seems we were just doing our 2018 budget a few months ago and now the year is almost over. It has been a good year overall for the construction...
New South News Dear Friends, First off, best wishes for Thanksgiving and the beginning of the holiday season. As the year winds down we tend to reflect on those who are responsible for our good fortune and our customers are at the top of the list. I...
New South News Dear Friends, As the year winds down several leading forecasters are calling for a mild construction slowdown in 2019. This has been expected for a while so I’m not shocked but we are being conservative in our budgeting for 2019. We also are feeling the...
September 2018 Newsletter Dear Friends, It’s fall, y’all. I don’t know about you but I was ready for the hot, humid, and rainy summer to end. Especially the rain. Most markets in which we operate had a rainy summer and a lot of jobs have been delayed. The...
August 2018 Newsletter Dear Friends, As summer winds down I hope the late afternoon thunderstorms that plague the south every summer will end soon. The red clay soil around most of our branches doesn’t drain quickly like the sandy loam around our coastal locations resulting in some...
August 2018 Newsletter I am pleased to announce that Peter Bemisderfer has accepted the position of Director of Purchasing and will be succeeding David Hodgin when he retires at the end of January. Over the next month Peter will be transitioning out of his current role and...
July 2018 Newsletter Dear Friends, As I write this in late July the economy keeps humming along. Residential and commercial construction took a slight dip last month but most forecasters think it is largely tied to summer vacations as well as a lot of rain in many...
June 2018 Newsletter Dear Friends, As I write this in late June, the economy in general, and the construction economy in particular, continue to chug along. The decrease in the corporate tax rate and the repatriation of profits held offshore by US companies are spurring even more...
May 2018 Newsletter Dear Friends, I am writing this letter right after returning from a three day financial conference in New York City. I’m happy to report that the unanimous conclusion of all of the speakers is that the current recovery will continue until at least the second half of...
April 2018 Newsletter Dear Friends, Not a lot has changed since last month. Price increases continue unabated and steel products continue to be in short supply. Hopefully the supply/demand ratio will equalize in the next few months as more domestic steel capacity comes online. Until then, please bear...