Category

Construction

Contractors Expect Big Changes in Next 5 Years Compared to the Last 50 Years

Contractors Expect Big Changes in Next 5 Years Compared to the Last 50 Years

By | Construction

A recent survey found nearly 67 percent of contractors in the engineering and construction industries believe there will be more change in the next 5 years than the past 50.  The survey, “Managing Risk in the Digital Age,” was conducted by the Associated General Contractors of America Management, along with the consulting and banking firm FMI Corp. It focused on how contractors view risk and their perceptions of how their industries would change in the future. The survey found that nearly…

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Housing Development Plans Approved in Tri-County Area

Housing Development Plans Approved in Tri-County Area for up to 267,000 More People

By | Charleston SC, Construction

New housing development approvals will allow 105,000 new homes with the capacity to house 267,000 more people in the Charleston, Berkeley and Dorchester counties.  The ability to house new residents will push the number of people living in the tri-county area to over 1 million people. The Post & Courier examined the number of homes approved for new construction in the metropolitan area by gathering information from local governments and reviewing development agreements. The new housing construction will economically benefit the…

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Locals at Odds With State Authorities in Mount Pleasant

Locals at Odds With State Authorities About Home Rule in Mount Pleasant

By | Construction, Mount Pleasant, SC

Mount Pleasant residents were shocked when developers broke ground to build a new 269-unit apartment building off of Rifle Range Road.  The town’s residents had been packing Town Council meetings for two years to raise concerns about overdevelopment in Mount Pleasant, and felt they were being ignored.  Little did they know that the development had been approved eight years ago as part of the 2004 Vested Rights Act, which was passed by the State legislature to allow developments approved before…

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The Challenge to Harness Solar Energy in Building Design

The Challenge to Harness Solar Energy in Building Design

By | Charleston SC, Construction, Green Construction, SC

Charleston has over 200 sunny days on average each year, and has the potential to store and harness solar energy as the primary source of power in new building design.  There are several building projects underway to make individual buildings “net zero” in South Carolina. These buildings are designed to produce as much energy as they take in each year. The Net Zero Energy Building is one design approach being used in South Carolina to build highly efficient buildings with…

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New Growth on West Coast of Florida Puts Millions at High Risk when Hurricanes Strike

New Growth on West Coast of Florida Puts Millions at High Risk when Hurricanes Strike

By | Construction

The building boom on the west coast of Florida, especially in the Tampa area, put many more people in potential danger once Hurricane Irma shifted to these areas, reports the Wall Street Journal.  Major development has occurred up the west coast during the last few decades in affluent areas in Naples and new subdivisions of middle class homes in Tampa Bay.  Many of these communities are built on filled-in marshland close to sea level and are vulnerable to storm surge…

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U.S. Construction Spending Reaches Highest Level in 10 Years

By | Construction

U.S. construction spending rose to its highest level in 10 years, raising economic growth for the final quarter of 2016, according to the Commerce Department (census.gov/construction). Construction spending rose by 0.9 percent to $1.8 trillion, boosted by gains in both the public and private sector investments.  Overall construction spending was up by 4.1 percent from the previous year.  Construction spending in October 2016 was also strong with an increase of 0.6 percent, which prompted economists to raise their gross domestic…

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Cross Laminated Timber Transforming Building Industry

By | Construction

A Portland architectural firm will break ground this spring on a 12 story wood building using a new building product called cross laminated timber.  The building will be located in the city’s trendy Pearl District and will be the tallest all-wood building in the world constructed in a seismic zone. This new wood product is drawing a lot of attention from the construction industry. Proponents of cross laminated timber (CLT) say the panels made from this product are lighter and…

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USC Economists Predict Steady Economic Growth for Charleston in 2017

By | Charleston SC, Construction, Economic Growth

Construction projects in Charleston, Myrtle Beach and Hilton Head Island continue to spur South Carolina’s economic growth. The boost in construction has led to an increase in jobs and demand for housing as a result of building efforts and will continue into 2017, according to economists who spoke at the 36th Annual Outlook Conference held at the University of South Carolina (USC). Doug Woodward, professor of economics and director of the division of research at USC’s Darla Moore School of…

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Construction Boom Overwhelms Planning Agencies

By | commercial construction, Construction

The Charleston area is experiencing a construction boom across the tri-county area, with construction cranes and bulldozers being seen all over the Lowcountry.  New commercial, industrial, and residential buildings are being built in downtown Charleston, across the river in Mount Pleasant, and up the Interstate 26 corridor from North Charleston past the Summerville area.  The growth in building construction has led to a huge increase in workload for city planners. Municipal planning offices across the Lowcountry are reporting historically high…

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Growth in Suburbs Outpaces Urban Areas

Suburban Growth Outpaces Urban Areas

By | Construction

The latest U.S. Census Data show that as the overall U. S. population grows,  growth in suburban counties have held steady, while in urban counties have slowed down. An analysis of U.S. Census data by Jed Kolko, an economist at University of California’s Terner Center for Housing Innovation, shows that the population growth in higher density suburban counties outpaced urban counties since 2012. Of the top cities with populations over 250,000, including Austin, and Fort Worth, Texas and Charlotte, North…

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