Single-family starts remained flat in April as interest rates moved above 7% last month and builders were dealing with tighter lending conditions. Overall housing starts increased 5.7% in April to a seasonally adjusted annual rate of 1.36 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The April reading…
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Former Summit Exec Hill Joins Knife River Board
Knife River Corp. announced today that Thomas W. Hill has been elected by Knife River’s stockholders at the 2024 annual meeting of stockholders to serve on its board of directors. Hill brings deep construction materials knowledge and decades of corporate leadership experience to the Knife River board. He previously served on the boards for CRH plc and Summit Materials Inc., and…
Read MoreDodge Momentum Index Rises 6.1% in April
The Dodge Momentum Index (DMI), issued by Dodge Construction Network, increased 6.1% in April to 173.9 (2000=100) from the revised March reading of 164.0. Over the month, commercial planning improved 12.6% and institutional planning dropped 6.3%. “The Dodge Momentum Index (DMI) saw positive progress in April, alongside a deluge of data center projects that entered the planning stage,” stated Sarah…
Read MoreDurex Hires Tate Sutton
Durex Products Inc. announced Tate Sutton as the newest addition to the Durex Team, joining the company as the business development manager for its Urethane Liners, Wear Parts and Accessories division. With a rich background spanning 16 years in sales and operations within the Ready-Mix industry across the Midwest, Sutton brings a wealth of firsthand experience. “His deep understanding of the concrete…
Read MoreBill Would Protect U.S. Corporate Interests Abroad
Congressman August Pfluger (R-Texas) introduced the Defending American Property Abroad Act, a crucial piece of legislation aimed at protecting American companies operating abroad, particularly in the Western Hemisphere. The need for this legislation has been underscored by recent actions taken by the Mexican government, which threaten the property rights of American companies, a news release said. For example, President Andrés…
Read MoreMotion Enters Into Agreement To Purchase Allied Circuits
Motion Industries Inc., a distributor of maintenance, repair and operation replacement parts, and a provider of industrial technology solutions, signed a definitive purchase agreement to acquire Allied Circuits, an electrical and automation firm. The transaction is expected to close later this month, subject to customary closing conditions. Located in Buffalo, N.Y., Allied Circuits designs, manufactures and services industrial control panels,…
Read MoreConstruction Prices Rise in April
Construction input prices increased 0.5% in April compared to the previous month, according to an Associated Builders and Contractors (ABC) analysis of U.S. Bureau of Labor Statistics Producer Price Index data released today. Nonresidential construction input prices increased 0.6% for the month. Overall construction input prices are 2.3% higher than a year ago, while nonresidential construction input prices are 2.2%…
Read MoreJ. Lee Milligan to Quadruple Production with CDE Sand Wash Plant
From hauling dirt to processing it, excavating contractor J. Lee Milligan has invested in a new CDE EvoWash sand washing plant that is expected to more than quadruple processing volumes at the firm’s production facility in Amarillo, Texas. Founded in 1937 with a single truck and a contract to haul dirt for $1.25 per hour on New Mexico’s Conchas Dam…
Read MoreSelect Sands America Corp. Shuttered; Seeks Strategic Alternatives
Select Sands Corp. announced a shuttering of the operations of its operating subsidiary, Select Sands America Corp., due to a confluence of factors negatively impacting the frac sand industry and the company. The decision comes as a response to the challenges posed by weak oil and gas activity in the basins served by the company, a diminished 2024 sales forecast,…
Read MoreChaney Enterprises to Acquire Howard Sand & Gravel
Chaney Enterprises announced the pending acquisition of Howard Sand & Gravel. Howard Sand & Gravel is located in Mardela Springs, Md., and has been in business since 1956. Family owned and operated Howard Sand & Gravel has provided local markets with aggregates for many years under the leadership of Joe Beach. “Chaney Enterprises is excited to bring additional aggregates to…
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