By Allen-Villere Partners THE PULSE: CONSTRUCTION MATERIALS MARKET ANALYSIS PIERRE-VILLERE’S MARKET ASSESSMENTIn the latest update on the construction materials industry, the AVP Pulse Index experienced a modest decline of 0.7% for the month, although it experienced a strong year-ever-year growth of 5.5%. Over the past 36 months, the index increased impressively by 13.7%, indicating sustained strength within the sector. Notably, industry stocks continue to…
Read MoreTag: construction aggregates
Permitting from South Carolina
According to the Times and Democrat, the nation’s largest producer of construction aggregates has applied for permits to establish a limestone quarry and processing plant on Addidas Road, less than four miles southeast of the town of Eutawville, S.C. A subsidiary, Vulcan Construction Materials LLC, proposes to lease multiple tracts totaling 693 acres from a sister subsidiary called Vulcan Lands…
Read MoreUSGS Finalizes 2022 Production Data
The United States Geological Survey reported that throughout the United States in 2022, a total of 1,400 companies operating 3,585 quarries and 333 sales/distribution yards produced crushed stone and 3,360 companies operating 6,500 pits and 292 sales/distribution yards produced construction sand and gravel. A total of 2.49 billion metric tons (Gt) of construction aggregates (construction sand and gravel plus crushed…
Read MoreHousing Demand Has Jumped
The popular business press, including the cable news channels, are awash in reports that housing demand has already jumped on just the notion of rate cuts later this year, and the jump is expected to become a surge as I have been predicting. Remember, I have said for the last several months that when the Fed signaled inflation was headed…
Read MorePermitting Update: South Carolina
The nation’s largest producer of construction aggregates has applied for permits to establish a limestone quarry and processing plant on Addidas Road, less than 4 miles southeast of the Town of Eutawville.
Read More2024 Outlook/Forecast
Aggregates Industry Looks To Make Gains As Projects Move Forward. By Mark S. Kuhar and Josephine Patterson Since President Joe Biden signed the Infrastructure Investment and Jobs Act (IIJA) into law Nov. 15, 2021, states have committed federal funds to support more than 56,000 eligible transportation improvements in all 50 states during the last two years, spanning nearly every U.S.…
Read MoreUnearthing the Future
Decoding A Decade of Trends in U.S. Aggregate Mining. By Jake Tanner In the ever-evolving world of aggregate mining, understanding the past can be the compass to navigating the future. At Burgex, we’ve always been driven by a thirst for knowledge and a passion for exploration – both underground and within data. Our latest mission? Diving deep into the historical…
Read MoreTHE PULSE
By Allen-Villere Partners THE PULSE: CONSTRUCTION MATERIALS MARKET ANALYSISThe Federal Reserve raised its benchmark rate 11 times to cool inflation, with the last rate increase in July. Most recently, the Federal Reserve held rates steady in December for the third straight time and acknowledged a possibility of three rate cuts in 2024. PIERRE VILLERE’S MARKET ASSESSMENTThe final quarter of the…
Read MoreAggregates Production Falls Again in Third Quarter
An estimated 712 million metric tons (Mt) of total construction aggregates was sold or used in the United States in the third quarter of 2023, a decrease of 3% compared with that in the third quarter of 2022, according to Jason Christopher Willett, commodity specialist, National Minerals Information Center, U.S. Geological Survey (USGS). This marks the fourth straight quarterly decrease…
Read MoreHorizon Hill Materials Makes It BIG
The Company’s Rosemary’s Mountain Quarry is Making the Large Rock Needed to Address the Environmental Issues Brought On by Climate Change. By Mark S. Kuhar In August, Tropical Storm Hilary hit Southern California with massive rainfall and flooding, not to mention leaving in its wake devastating shoreline erosion and inland material flow. The storm is indicative of the new weather…
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