January Construction Starts Jump; Highways Down
Published: Wednesday, 22 February 2017 10:17
The value of new construction starts in January climbed 12 percent to a seasonally adjusted annual rate of $690.2 billion, according to Dodge Data & Analytics. After losing momentum during last year’s fourth quarter, nonresidential building strengthened in January, with much of the lift coming from the start of the $3.4 billion Central Terminal Building at LaGuardia Airport in New York as well as groundbreaking for several other large airport terminal projects. However, highway and bridge construction slipped 2 percent.
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Summit Materials' Integrated, Materials-Based Model Drives Success
Published: Wednesday, 22 February 2017 09:34
Summit Materials Inc. announced that for the 12 months ended Dec. 31, 2016, the company's net income was $36.8 million and adjusted net income was $98.3 million. For the three months ended Dec. 31, 2016, the company is reporting a net loss of $300,000 and adjusted net income of $21.0 million.
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Housing Starts Dip in January; Permits Rise
Published: Tuesday, 21 February 2017 16:23
Housing starts returned to trend, dropping 2.6 percent to a seasonally adjusted annual rate of 1.246 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Multifamily production fell 10.2 percent to 423,000 units after an unusually high December 2016 reading, whereas single-family starts ticked up 1.9 percent to 823,000 units.
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NACA Members Press Congress on Priorities
Published: Tuesday, 21 February 2017 13:21
Members of the North American Concrete Alliance (NACA) and the Congressional Cement Caucus went to Capitol Hill on Feb. 5 to brief the 115th Congress on the state of the concrete and cement industry and infrastructure priorities, according to the Precast/Prestressed Concrete Institute (PCI).
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ARTBA Urges House Committee to Reform Clean Air Act
Published: Monday, 20 February 2017 09:31
Citing federal government data showing a significant reduction in air pollutants since 1990 at the same time the U.S. economy continued to grow, vehicle miles traveled jumped significantly, and energy use increased, the American Road & Transportation Builders Association (ARTBA) called on Congress to overhaul the method by which the federal Clean Air Act (CAA) sets National Ambient Air Quality Standards (NAAQS). The CAA was last amended in 1990.
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