The Dodge Momentum Index fell 4.9 percent in December to 151.9 (2000=100) from the revised November reading of 159.7. The Momentum Index, issued by Dodge Data & Analytics, 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.
Read MoreMonth: January 2019
Vermeer Southeast Offers Employee Stock Incentives
Vermeer Southeast, a full-service construction equipment dealer with locations in Florida, Georgia and Alabama, announced that it is now 100 percent employee-owned through an employee stock ownership plan (ESOP). Vermeer Southeast leadership will remain under the direction of former owners Kris Den Besten, Todd VerSteeg and Jim Dees. “For more than 50 years Vermeer Southeast employees have shown their commitment…
Read MoreLhoist North America Explains Price Increases
Lhoist North America (LNA) announced 2019 pricing changes in a letter to its customers. The letter stated:
Read MoreCemex USA Highlights Ongoing Dedication to Zero4Life
Cemex USA continued its dedication to improving workplace safety and employee health by starting the new year with Safety Week 2019, an annual company-wide initiative focused on achieving Zero4Life at its hundreds of facilities across the United States.
Read MoreNick Yaksich
When Association of Equipment Manufacturers (AEM) Senior Vice President of Government and Industry Relations Nick Yaksich announced his retirement last year, it was met with a great degree of gratitude throughout the association and the broader equipment manufacturing industry. Because after 20 years, Yaksich left a firm footprint across the industry thanks to the many personal relationships and impact he made during…
Read MoreTecweigh Names Shepherd Aggregate Division Sales Manager
Tecweigh is pleased to announce that Sheldon Shepherd has moved into the Aggregate Division sales manager position. He will be leading the company’s sales management and business development in the primary industries for North America. Shepherd came to Tecweigh two years ago as the international sales manager and will continue with that responsibility. Shepherd brings more than 25 years of…
Read MoreAggregates Production
Aggregates producers are moving full-steam ahead, with or without a new federal infrastructure bill. An estimated 658 million metric tons (Mt) of total construction aggregates was produced and shipped for consumption in the United States in the second quarter of 2018, an increase of 7 percent compared with that of the second quarter of 2017, according to Jason Willett, crushed…
Read MoreConstruction Outlook
Dodge Data & Analytics released its 2019 Dodge Construction Outlook, a mainstay in construction industry forecasting and business planning. The report predicts that total U.S. construction starts for 2019 will be $808 billion, staying essentially even with the $807 billion estimated for 2018.
Read MoreTransportation Construction Forecast
The U.S. transportation infrastructure market is expected to grow 4.2 percent in 2019, according to the annual economic forecast released Dec. 5, 2018, by the American Road & Transportation Builders Association (ARTBA).
Read MoreResidential Housing
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the new residential construction statistics for October 2018:
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