FAST Act Expiration Coming Fast

Sept. 16, 2020 – Well, here we are in September and it looks very unlikely that a new infrastructure bill will be passed by the end of the month. With the FAST Act’s expiration, the only solution is a short-term extension. A legislative update from this week’s National Stone, Sand & Gravel Association M&S Committee meeting indicated that the Highway Trust Fund will become insolvent in 2021…

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Construction Starts Post Solid Gain in August

Total construction starts rose 19% in August to a seasonally adjusted annual rate of $793.3 billion. Gains were seen in all three major building sectors: nonresidential building starts rose 16% and residential building climbed 12%, while nonbuilding construction jumped 40% over the month. While large projects certainly influenced the August gains, removing those projects would still have resulted in a gain for the month.

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