The construction industry is expected to grow 4.5% in the coming year, and the North Carolina construction industry, in particular, is booming as a myriad exciting commercial projects are announced and developed. With this in mind, we at Riggs-Harrod Builders, Inc. watch market trends both here in the state and beyond; the following three trends are the most notable to us and, we believe, to our clients.
Green and sustainable construction
Eco-friendly construction—an umbrella that includes “green,” “renewable,” and “sustainable” construction—aims to reduce or completely eliminate the production of greenhouse gases and other harmful effects on the environment. It’s a market worth exploring, especially as green construction becomes, statistically, more desirable.
North Carolina in particular is at the forefront of the green construction market, with, for example, its solar megawatt output ranking second in the entire country. Eco-friendly projects like this 125,000 square foot K-12 school campus—designed to generate more energy than it uses—abound in the state.
Numerous factors play into whether infrastructure development actually occurs in any city, but most sources indicate that, in general, infrastructure will fall under construction’s attentive eye in the coming years. This is, therefore, another important market trend to consider, especially in North Carolina. For instance, one particular firm in Charlotte is finding success in “community-minded” projects that will “support a community’s growth,” such as a Durham-to-Chapel-Hill light-rail project.
Drone, AR, & BIM technology
Sources show that drones, augmented reality (AR), and building information modeling (BIM) are all resources that will be used frequently in construction from the present onward. This tech, as one firm in Raleigh has discovered, allows for benefits such as:
- increased quality of prefabricated parts
- increased personal safety
- decreased equipment loss
- and efficient project staging.
Riggs-Harrod Builders, Inc is here
Green construction. New technology. Infrastructure. Regardless of the direction the construction industry takes, however, Riggs-Harrod Builders, Inc stays at the forefront of it all. Our projects stand the test of time, and—whether your project is a religious, industrial, medical, or retail building—we have the local know-how to get things done here in North Carolina.
If you want superior workmanship and the experience of dedicated craftsmen, contact us to discuss your project.