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Summer is over and the fall building season is upon us. We had some slowdown due the far-reaching effects of Hurricanes Harvey and Irma. While our markets weren’t severely affected the heavy rains slowed construction for about a week with each hurricane. The storms flooded...

Believe it or not, summer is winding down already and children are back in school in most parts of the South. The stock market is setting records daily despite President Trump’s less than favorable press coverage. Many pundits are still bullish that he can get...

As I write this in late July we are experiencing a heat wave and a dry spell here in Greenville, SC. The dry weather is appreciated after a wet spring; the heat not so much. All of the shenanigans in Washington have negatively impacted the...

The second quarter has seen record rain in most of our markets thereby depressing sales. As I compose this letter in late June the forecast for Greenville, SC is dry for the entire last week of the month. I hope the forecasters are correct. I...

Despite the turmoil coming out of Washington the overall economy in general, and the construction economy in particular, continue to chug along. We’re now entering prime building season and all signals point to another great summer for construction. We’re extremely busy and hope that you...

This year continues to start out strong for construction. There have been a few blips in some markets but, as a whole, the Southeast continues to be the strongest market for construction in the country. The strength of the construction economy has resulted in quite...

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...

We are nearing the beginning of the final quarter of the year and it has been another good year for construction. I say good rather than great but I am very happy with a good year. The problem with great years is they normally are...

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 is still...

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...

As I write this the UK has decided to leave the European Union and, after the initial shock waves hit the US stock market, it now appears that this is much ado about nothing. The UK is only 6% of the world’s GDP so this...

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...

This year continues to unfold quite positively for the construction industry. Most major forecasters are calling for growth in the 6-11% range depending on which segment(s) of the construction industry you participate. However, some analysts are now talking about a possible recession in mid-2017. As...

So far, 2016 continues to be volatile. The stock market has stabilized a bit but has still been on a wild ride so far this year. Oil prices continued to plummet, the Chinese economy is still decelerating, terrorist events continue around the world, and the...

As 2016 begins the bullish projections for the economy in general, and the construction economy specifically, have been tempered by the significant decline in the stock market, falling oil prices, and additional terrorist attacks in the United States and around the world. Hopefully things will...