The U.S. Census Bureau of the Department of Commerce announced that construction spending during October 2016 was estimated at a seasonally adjusted annual rate of $1,172.6 billion, 0.5 percent (±1.5 percent) above the revised September estimate of $1,166.5 billion. The October figure is 3.4 percent (±1.8 percent) above the October 2015 estimate of $1,134.4 billion.
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LaHood, Rendell Affirm Need for Long-Term Infrastructure Plan
Former Transportation Secretary and Rep. Ray LaHood (R-Ill.) and former Gov. Ed Rendell (D-Pa.), wrote a letter staking out the position of the organization Building America’s Future with regard to future transportation funding. The letter was sent to President-elect Donald Trump.
Read MoreVulcan Materials Approved for Major Aggregates Reserve
Vulcan Materials Co. announced that the Kern County, Calif., board of supervisors voted by unanimous consent to approve its San Emidio Quarry expansion.
Read MoreCalCIMA Members Receive Safety Awards
The California Construction & Industrial Materials Association (CalCIMA) announced the recipients of its 2016 Safety Excellence Awards at its 2016 Education Conference.
Read MoreDodge Momentum Index Inches Up in November
The Dodge Momentum Index moved 0.3 percent higher in November to 133.2 from its revised October reading of 132.7 (2000=100). 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.
Read MorePoll: Strong Bipartisan Support for Water Infrastructure Bill
In the final weeks of the lame-duck session, a national poll by the Association of Equipment Manufacturers (AEM) found that voters strongly support federal funding for water pipelines and waterways as well as for resources that prevent drinking water contamination crises, like those that occurred in Flint, Mich.
Read MoreCongressional Leaders Urge Trump to Dump WOTUS Rule
Twenty-nine key Congressional leaders sent a letter to President-elect Trump urging the new administration to “rescind the harmful and flawed Waters of the U.S. rule” upon taking office.
Read MoreNSSGA Marks National Miners Day
The National Stone, Sand and Gravel Association (NSSGA) recognized the nearly 100,000 men and women in the aggregates industry on Dec. 6: National Miners Day.
Read MoreLhoist North America to Increase Prices
Effective Jan. 1, 2017, Lhoist North America will be increasing year-over-year market prices for most of its products, subject to existing contractual commitments.
Read MoreARTBA Forecast: Modest Growth in Transportation Construction
Total transportation construction and related market activity is expected to grow 1.3 percent in 2017, driven largely by increases in highway and bridge private construction activity supporting residential and commercial developments, according to the American Road & Transportation Builders Association’s (ARTBA) chief economist, Dr. Alison Premo Black.
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