The Goodwill Conundrum

As we all know, the construction materials industry, which in part includes construction aggregates, ready-mixed concrete and concrete products, has been consolidating rapidly over the past three decades, and the pace of that consolidation shows no signs of abating anytime soon. So it is worth understanding how purchasers in our industry, usually large multi-nationals, treat a purchase of a smaller…

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Home Builder Confidence Surges

The month of October was a time of contrasting, and therefore conflicting, economic news that can be unsettling at times. The month started with a report from the Institute of Supply Management, indicating its manufacturing index fell to 47.8 in September, the lowest level since June 2009, from 49.1 the prior month. Readings below 50 indicate contraction, while those above…

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No Relief in Sight for the Tough Labor Market

By: Pierre G Villere The future holds great promise, as technology continues to disrupt traditional norms and methods in the construction industry in general, and in the aggregates industry in particular. The future for driverless haul trucks, robotics that will replace traditional loaders, use of drones for multiple functions at quarries operations, and all manner of improvements in materials crushing…

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Home Shoppers Are Increasingly Active

By: Pierre G. Villere Last month, I wrote about the lack of impact that Millennials are having on the housing market, one of the reasons that new home starts have not returned to even their annual historical averages dating back to 1961. But the National Association of Home Builders recently published some research that is very telling about the current…

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Millennials Are Still on the Housing Sidelines

By: Pierre G. Villere After years of expectations that the housing market would come back to at least its average historical levels of annual starts, The Wall Street Journal recently conducted research that indicates the U.S. housing market is still waiting for a buying surge from the Millennial generation that entered the workforce during the recession, and some of the…

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