Total construction starts fell 12% in March to a seasonally adjusted annual rate of $903.8 billion, according to Dodge Construction Network. Nonresidential building starts lost 29%, in part due to the start of three large manufacturing facilities in the prior month. When those three large projects are removed, nonresidential starts in March would have risen 10%. Residential starts also fell…
Read MoreMonth: April 2022
Arizona Convenes Special IIJA Task Force
Arizona launched an effort to ensure the state continues to efficiently and effectively use federal infrastructure funds. The Infrastructure Investment and Jobs Act (IIJA) Task Force will strategically align Arizona’s priorities and investments with competitive federal funding opportunities.
Read MoreMSHA Reports 12th Fatality
The Mine Safety and Health Administration (MSHA) reported that on March 22, a 44-year-old heavy equipment operator drowned at a AMI Silica operation in Jackson County, Wis., after the floating pump station he was standing on capsized. At the time of the accident, the miner was assisting a co-worker in connecting a water discharge line.
Read MoreSimonson Says
April 18, 2022 – Ken Simonson, Associated General Contractors economist, noted that construction input costs outpaced bid prices again in March, according to Bureau of Labor Statistics (BLS) data. The producer price index (PPI) for material and service inputs to new nonresidential construction jumped 2.7% for the month and 21.5% year-over-year (y/y). The PPI for new nonresidential building construction – a measure of the price that…
Read MoreRyba Marine Construction Lands Federal Dredging Contract
The U.S. Army Corps of Engineers (USACE), Buffalo District awarded a $991,500 contract to Michigan-based Ryba Marine Construction Company on April 1 to conduct dredging of the federal navigation channel in Buffalo Harbor.
Read MoreSurestrike International Hires Bicknell
Surestrike International Inc. welcomed Craig Bicknell as its newest team member. As the Western regional sales manager, Bicknell will be managing the Mountain and Western regions of the United States based out of Colorado.
Read MoreIMA Hires Grebey as Communications Head
The Industrial Minerals Association-North America (IMA) hired Bud Grebey as its new vice president, communications and external affairs. In his new role, he will spearhead the development of near- and long-term communications and brand strategies for the organization and its member sectors, as well as serving as spokesperson to the media.
Read MorePermian Drilling Permits Hit All-Time Monthly High in March
Horizontal drilling permits for new wells in the Permian Basin hit an all-time high in March, with 904 total permit awards, driven by elevated oil prices and production demand, Rystad Energy research shows.
Read MoreWisconsin Supreme Court Rules Against Meteor Timber
The Wisconsin Supreme Court won’t hear a Georgia company’s request to reinstate a key permit to fill wetlands as part of a plan to build a $75 million frac sand operation in Monroe County, according to Wisconsin Public Radio.
Read MoreThis Week’s Market Buzz
• At press time, Brent futures were down 86 cents, or 0.8%, at $107.92 a barrel, while U.S. West Texas Intermediate futures were off $1.10 or 1.1%, at $103.15 a barrel.
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