Southeast City Scoop: Construction Starts in Raleigh
Raleigh’s total contracting volume expected to decline by 8% this year
Dodge Data & Analytics is predicting that all three major construction categories will show downturns in 2018.
City Grill
Baker Glasgow
Vice President, Construction
Clancy & Theys Construction Co.
After a recent boom, Raleigh’s construction market seems to have “stabilized,” says Glasgow. However, the possibility of a decline is a growing concern. “Owners have become a little apprehensive of rising interest rates, tariffs and a rising economy that may be at the tail end of its cycle,” he says. Still, Raleigh’s ability to attract technology firms may create another upswing. “If these companies make the move to the Triangle, additional opportunities should result from supporting industries,” Glasgow says.
Firm in Focus
Clancy & Theys Construction Co.
516 W. Cabarrus St., Raleigh
President: Tim Clancy
Employees: 332
Founded: 1949
What’s New: Clancy & Theys celebrated the opening of Raleigh’s Union Station in late April. The firm teamed with Skanska USA and Holt Brothers Construction to build the $54-million project.
