Total construction starts fell 1% in March to a seasonally adjusted annual rate of $1.06 trillion, according to Dodge Construction Network. Nonresidential building starts fell 9%, while nonbuilding starts improved by 7%, and residential starts moved 1% higher. Highway and bridge starts rose 15%. On a year-to-date basis through March total construction starts were up 13% from the first three…
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Unearthing Opportunity at The Sheep Hill Cinder Mine
Nestled amidst the rugged landscapes of Flagstaff, Ariz., lies a hidden gem that has sparked the interest of investors and developers alike – the Sheep Hill Cinder Mine. With its abundant deposit of cinder material and versatile applications, this mine presents a unique opportunity for acquisition and development. A Rich History – The Sheep Hill Cinder Mine boasts a rich history dating…
Read MorePermitting Update: Tennessee
A rock quarry located near a Jefferson County elementary school must halt its operations following a Board of Zoning Appeals meeting on Tuesday. The quarry off of Highway 25 roughly 200 yards away from Piedmont Elementary has been met with community concerns over noise, dust, and regular blasting activity. Community members hired a lawyer in an effort to halt work…
Read MorePermitting Update: South Carolina
Southwestern Edgefield County, not far from North Augusta, S.C., could gain a 600,000-ton-a-year crushed stone operation if state permitting comes through and the conditional use permit granted for what’s proposed as a 70-year investment by Luck Stone. The Virginia-based subsidiary of Luck Companies already has operations in Chester, Kershaw, Fairfield and Spartanburg counties. About two years’ surveying of the area…
Read MorePermitting Update: Ontario, Canada
The Ontario Land Tribunal ruled CBM Aggregates, a division of St. Marys Cement Inc. which operates over 60 gravel pits and quarries in Ontario, can expand the Lanci Pit by 14.8 hectares, or about 36.5 acres, with 10 hectares of that being the extraction area. The original pit, located on Concession 2 just west of Aberfoyle, had a licensed area…
Read MoreHolcim Touts First-Quarter North American Market Expansion
Holcim is reporting first-quarter 2024 net sales of CHF $5.586 billion, a 2.4% decline from CHF$5,725 in 2023. North America delivered margin expansion with a 3.9% increase in local currency recurring EBIT driven by strong underlying market demand. While the first quarter was impacted by fewer shipping days and adverse weather conditions, strong performance is expected to continue in 2024.…
Read MoreCemex Notes Record Results; Sales Down in U.S. Market
Cemex reported record first quarter results, noting that net sales increased 3% to $4.138 billion, with a 5% increase in EBITDA. “Our first quarter in 2024 continued to build on an exceptional 2023,” said Fernando A. González, CEO of Cemex. “EBITDA represents a first quarter record for the company, despite fewer working days and difficult weather conditions in many markets.…
Read MoreBreedon Provides Company Update
International construction materials company Breedon Group plc, with locations in Great Britain, Ireland and the United States, provided the following trading update ahead of the group’s Annual General Meeting. Trading during the first quarter was impacted by the ongoing macroeconomic uncertainty and reduced construction activity due to wet weather conditions. This led to softer volumes which were partially offset by…
Read MoreMSHA Safety Alert: Customer Truck Drivers
MSHA reported that since 2021, customer truck drivers have been involved in six fatal accidents, prompting a safety alert. The agency recommends the following best practices to avoid this type of accident:
Read MoreThe AVP Pulse Index for April
April 22, 2024 – The AVP Pulse Index is flat-to-slightly up this month, with a 1.1% increase over the previous month, but a 6.9% increase year-over-year and a 14.5% increase over the last 36 months. The big drivers were the Architectural Billings Index (up 7.1%) and a whopping 10.7% for Housing Starts. Overall, the Index indicates construction remains steady, if…
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