This Week’s Market Buzz

Grant County, Wis., Circuit Court Judge Craig Day ruled in favor of Pattison Sand Co. in its lawsuit against the Lower Wisconsin State Riverway Board (LWSRB), according to SWNEWS4U.COM. The ruling overturns the decision by the LWSRB last August to deny permits to the Pattison Sand Co. to mine frac sand within the Riverway boundary. Unless the LWSRB chooses to…

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Rally for Roads Features NSSGA Members

The Transportation Construction Coalition (TCC) Fly-In and third Rally for Roads was held June 11 in Washington, D.C., and featured numerous members of the National Stone, Sand and Gravel Association (NSSGA). The Rally for Roads was intended to highlight the need for Congress to address the anticipated insolvency of the Highway Trust Fund, which could occur as early as mid-July. Congress must pass a…

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Construction Unemployment Lowest in Six Years

Construction employers added 6,000 workers to payrolls in May as the industry’s unemployment rate dropped to 8.6 percent, its lowest May level in six years, according to an analysis of new government data by the Associated General Contractors of America. However, association officials cautioned that gains remain spotty and that thousands of highway construction jobs are at risk because of…

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Unified SuperFlow Screens

Unified SuperFlow Screens are an advanced combination of wire and polyurethane. The screens are designed to eliminate wire-to-wire contact. When material falls on the screen, the wires vibrate at their own frequency, allowing material to slip through while maintaining accurate material sizing. The vibrating action combined with the higher percentage of open area makes SuperFlow an excellent choice for screening…

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Digital Innovation Slows Construction Forecast

FMI released its Q2-2014 Construction Outlook. The forecast shows cautiously optimistic growth, as the forecast has been lowered a percent since the Q1-2014 Outlook. Construction-put-in-place for 2014 is now predicted to increase 7 percent over 2013 levels. One reason for the prediction, is the growth of the digital world. With e-commerce becoming a larger market, especially in the retail and…

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Dodge Momentum Index Climbs Again in May

The Dodge Momentum Index gained 2.0 percent in May to 125.2, following April’s strong rebound. According to McGraw Hill Construction, a division of McGraw Hill Financial, the Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.…

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Eagle Materials Up; Aggregates Revenues Rise

Eagle Materials Inc. reported financial results for fiscal year 2014 and the fiscal fourth quarter ended March 31, 2014. Notable items for the fiscal year and quarter in relation to the prior year include: Fiscal year 2014 revenues of $898.4 million, up 40 percent. Fiscal year 2014 net earnings per diluted share of $2.49, up 104 percent. Fourth quarter revenues…

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Irving Materials Sponsors GeoFest

Irving Materials Inc. (IMI) sponsored GeoFest at the Indiana State Museum in Indianapolis. The three-day event is dedicated to the discovery of rocks and minerals. It draws in thousands of school-aged children, teachers and parents. This is fourth year that IMI has been the presenting sponsor of GeoFest. Beyond sponsorship, IMI employees and their families helped create a learning center…

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Housing Market Inching Back to Normal

Of the approximately 350 metro markets nationwide, 56 returned to or exceeded their last normal levels of economic and housing activity, according to the National Association of Home Builders/First American Leading Markets Index (LMI), released today. This represents a net gain of nine metros year over year. The index’s nationwide score of .88 held steady from the previous month. This…

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