North Carolina’s Construction Industry

Just like the rest of the country, North Carolina’s construction industry is still recovering. The good news is that things are finally looking up and the state is getting back to normal as it moves from post-recession recovery to a growth mode. According to various economists, North Carolina’s economy is now moving “full throttle” and median household income is expected to rise from $53,000 for 2015 to $54,000 for 2016 — up from $52,000 in 2014. Currently, there is a fairly broad mix of construction jobs being created with high and low wages.

Looking for work? Here is a preview of a few construction projects in North Carolina:

Thomas Construction Group Wilmington, North Carolina
Omega Construction, INC. Pilot Mountain, North Carolina
Shelco, Inc Charlotte, North Carolina
Carmel Contractors, Inc Charlotte, North Carolina
AR Chesson Construction Company, Inc. Williamston, North Carolina
Bar Construction Greensboro, North Carolina
Monteith Construction Corp Wilmington, North Carolina
Turner SPD Carolinas Raleigh Raleigh, North Carolina
Doerre Construction Co. Charlotte, North Carolina
CW Construction Indian Trail, North Carolina

The economy added 215,000 jobs in July, which may be a solid enough performance to lead the Federal Reserve to begin raising interest rates fairly soon. The Bureau of Labor Statistics also reported the unemployment rate remained at 5.3 percent. Job gains occurred in retail trade, health care, professional and technical services, financial activities and manufacturing. Mining, which includes the oil industry, continued to shrink, cutting 5,000 jobs.

There was little change in construction jobs. Average earnings for private-sector workers rose 5 cents to $24.99.

Public schools needs across North Carolina—including $810 million in a bond referendum for the Wake County schools, the largest school system in the Carolinas—will help stimulate construction work and boost the economy. The bond will be used to build 11 elementary schools, three middle schools and two high schools in addition to major renovations to six schools and smaller upgrades to dozens of others plus the purchase of land for future schools.

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