Construction Spending Dips in January; Up Year Over Year

Construction spending during January 2024 was estimated at a seasonally adjusted annual rate of $2,102.4 billion, 0.2% (±0.8%) below the revised December estimate of $2,105.8 billion, according to the U.S. Census Bureau. The January figure is 11.7% (±1.5%) above the January 2023 estimate of $1,882.2 billion. In January, the estimated seasonally adjusted annual rate of public construction spending was $479.0…

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New Home Sales Up at the Start of 2024

Stable mortgage rates at the beginning of 2024 helped new home sales to increase in January. Sales of newly built, single-family homes in January increased 1.5% to a 661,000 seasonally adjusted annual rate from a downwardly revised reading in December, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The…

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Construction Starts Up Slightly in January

Total construction starts grew 1% in January to a seasonally adjusted annual rate of $1.16 trillion, according to Dodge Construction Network. Nonbuilding starts rose 9% during the month, while nonresidential building starts fell 2% and residential starts were flat. Highway and bridge starts improved 9%. For the 12 months ending January 2024, total construction starts were down 1% from the…

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Xylem to Showcase Water Management Solutions at AGG1

Xylem, an industry leader in mine water management for aggregate mining, will showcase its custom-design water system capabilities at AGG1/WOA, taking place from March 25–27, in Nashville.   Xylem specializes in mine water management services and solutions; manufacturing, designing, installing, commissioning, operating, monitoring, maintaining and repairing water systems from the largest fleet of pumping equipment and accessories to buy or…

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Process Machinery Inc. Celebrates Anniversary

Process Machinery Inc. (PMI) is celebrating a legacy of 45 years of excellence in the aggregate industry. PMI has expanded throughout their 45 years to be a full-service provider offering complete plant design and construction, installation, parts, service and rebuilds. PMI provides innovative solutions with technical application and professional engineering expertise. PMI was founded in 1979 by David H. Miles…

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AASHTO Warns Congress on Potential Highway Funding Lapse

March 4, 2024 – The American Association of State Highway and Transportation Officials sent a letter to Congressional leaders on Feb. 26 requesting action to prevent a “potential lapse of critical highway funds” provided by the Infrastructure Investment and Jobs Act or IIJA at the end of the current fiscal year. AASHTO said the lapse risk is driven by the unprecedented growth of…

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