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AED Delivers Message to Congress

Congress can no longer shirk its constitutional responsibility to invest in our country’s crumbling infrastructure, Associated Equipment Distributors’ (AED) President and CEO Brian P. McGuire told a House panel.

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PCA Predicts Moderate Cement Growth

The latest Portland Cement Association (PCA) forecast of U.S. cement consumption sees year-over-year gains of 2.6 percent and 2.8 percent in 2017 and 2018, respectively, versus uniform 3 percent levels projected earlier this year. 

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Small Mines Office Discussed at Zatezalo Confirmation Hearing

Support for a re-launched effort to deliver compliance assistance to small mines was expressed by David Zatezalo, the Trump Administration’s nominee to head the U.S. Mine Safety and Health Administration (MSHA).

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New Home Sales Fall 3.4 Percent in August

Sales of newly built, single-family homes in August fell 3.4 percent to a seasonally adjusted annual rate of 560,000 units from an upwardly revised July reading, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This was the lowest sales reading since December 2016. However, year-to-date, new home sales are 7.5 percent above their level over the same period last year.

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Dodge Momentum Index Declines in September

The Dodge Momentum Index fell in September, moving 8.4 percent lower to 116.4 (2000=100) from the revised August reading of 127.1. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.

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