Newsletter

After a mild February, Winter returned with a vengeance in March. In the areas in which we operate (the Carolinas and Georgia) we had temperature fluctuations from the 20s to the high 70s. The below freezing weather delayed several jobs but it now appears that...

The warmer and dryer than usual weather in February has been quite favorable to the construction business. As I write this it is 73° in late February and construction in the South is booming. The slight uptick in interest rates hasn’t hurt the construction business...

Happy New Year! As this new year begins the vast majority of forecasters are calling for a continued expansion in the construction market with the biggest caveat being the availability of qualified labor. Also, the new Trump administration is a bit of a wildcard but...

We are near the end of another good year for construction. The “Trump Bump” has the stock market at record highs and even the .25% (25 basis point) increase by the Fed recently shouldn’t slow the momentum of the economy in general and construction in...

The cooler autumn weather is finally upon us after a long, hot, dry summer, at least in most parts of the South. The impending presidential election doesn’t appear to have had much effect on construction although I have heard some forecasters say that some developers...

The construction industry continues to be the primary economic driver of the US economy. As I write this, housing starts were just announced for July and they were the highest since 2007. There is a very minor slowdown in commercial construction but it...

It has been a particularly hot and dry summer in most of the South but that has been good for business. The continuing slow growth economy has also been good for construction as the economy isn’t overheating so the Fed isn’t raising interest rates, which...

I write this letter right after returning from a three day financial conference in New York City where the speakers included some of the top chief economists for the biggest firms on Wall Street. I’m happy to report that the consensus was that we aren’t...