Construction Costs End 2016 on a High Note

Construction costs rose for the second straight month, according to IHS Markit and the Procurement Executives Group (PEG). The headline current IHS PEG Engineering and Construction Cost Index (ECCI) registered 53.3, up from 50.7 in November, continuing the recovery after a 22-month slump in prices. Strength was evident in both labor and material markets.

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Athabasca Acquires Two Aggregates Operations

Athabasca Minerals Inc. purchased two gravel operations located in the Wood Buffalo region of Alberta, Canada. The gravel pits include KM248 and Cowpar gravel properties and were acquired for a purchase price of CA$600,000.

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New Construction Starts in 2017 Predicted to Increase 5 Percent

Dodge Data & Analytics released its 2017 Dodge Construction Outlook, a mainstay in construction industry forecasting and business planning. The report predicts that total U.S. construction starts for 2017 will advance 5 percent to $713 billion, following gains of 11 percent in 2015 and an estimated 1 percent in 2016.

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New Construction Starts in November Slip 6 Percent

At a seasonally adjusted annual rate of $638.3 billion, new construction starts in November retreated 6 percent from October, according to Dodge Data & Analytics. Each of the three major construction sectors experienced reduced activity in November.

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CalPortland Hosts Rep. Martha McSally on Plant Tour

CalPortland hosted Rep. Martha McSally (R-Ariz.), who visited a cement plant and the Twin Peaks aggregate plant in Rillito, Ariz., on Nov. 28.

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