Total Construction Starts Lower in July; Highways Up

Total construction starts fell 3% in July to a seasonally adjusted annual rate of $854.8 billion, according to Dodge Data & Analytics. There were few bright spots during the month, with all three sectors (residential, nonresidential building and nonbuilding) moving lower in July.

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Materials Prices Keep Rising

August 16, 2021 – According to Ken Simonsen, chief economist at Associated General Contractors, construction materials costs continued to outstrip bid prices in the 12 months ending in July despite a recent drop in lumber and copper prices. The producer price index (PPI) for new nonresidential building construction – a measure of the price that contractors say they would charge to build a…

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Missouri Roads in Need of a Fix

Sixty-five years ago this week, the first ground was broken in Missouri on what would become the U.S. Interstate Highway System. On its 65th anniversary, the Interstate Highway System is the most critical transportation network in Missouri, according to a new report from TRIP, a national transportation research nonprofit based in Washington, D.C. A new report released by TRIP, entitled…

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Chaney Expands Virginia Holdings With Acquisition

Aggregates, ready-mix, custom blends and construction-supplies provider Chaney Enterprises will acquire three Branscome ready-mix concrete plant’s locations in the lower Chesapeake and Virginia Eastern Shore region: Chesapeake (Dominion Blvd. in Chesapeake, Va.), Oak Hall (Tasley, Va.) and Nassawadox (Exmore, Va.)

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