Steadily rising mortgage rates coupled with ongoing affordability challenges kept many potential home buyers on the sidelines in October.
Read MoreDay: November 26, 2024
Permitting Update: New Hampshire
The owner of a lot on Willard Road in New Ipswich, N.H., during a Planning Board hearing, has proposed a sand-and-gravel-excavation operation that would run for the next three to five years, causing concerns among neighbors about noise, dust and impacts to the road, according to the Monadnock Ledger-Transcript.
Read MorePermitting Update: Utah
Homeowners in Herriman, Utah, are voicing their frustration over plans to approve a large rock mine next to their homes. South Valley Rock Products has allegedly already started mining there without a permit, according to KSL TV.
Read MoreRogers Group Names Patton President and CEO
Board Chairman Ben L. Rechter of Rogers Group Inc., the nation’s largest privately-held aggregate producer and a major roadway contractor, announced the appointment of James (Jimmy) A. Patton as the company’s new president and chief executive officer. Patton’s selection follows an extensive national search that considered both external and internal candidates.
Read MoreUSGS: Aggregates Production Drops in Third Quarter; 2023 Totals Revised
An estimated 671 million metric tons (Mt) of total construction aggregates was sold or used in the United States in the third quarter of 2024, a decrease of 7% compared with that in the third quarter of 2023. The estimated production for consumption in the first nine months of 2024 was 1.79 billion metric tons (Gt), a decrease of 6%…
Read MoreInstant Analysis: Summit-Quikrete Deal a Win-Win
Nov. 25, 2024 – While it was previously announced that Summit Materials and Quikrete were in acquisition discussions, it is now a done deal, subject of course to Summit shareholder approval, regulatory approvals and other customary closing conditions. Summit will be acquired by Quikrete Holdings Inc. for $52.50 per share in cash, for a total enterprise value of approximately $11.5…
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