Construction spending edged down in November but outlays for the year remained on track for a modest increase over 2013 totals, according to an analysis by the Associated General Contractors of America (AGC). Association officials said the new spending figures come as the group’s members prepare a new push for action on a series of federal infrastructure programs, including funding…
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Inhofe Commits to Highway Bill
Incoming chairman of the Senate Environment and Public Works Committee Jim Inhofe (R-Okla.) outlined his top two priorities – passage of a long-term highway bill and reining in EPA regulations, according to the National Stone, Sand and Gravel Association.
Read MoreAmboy Aggregates Divests Property
Amboy Aggregates, a joint venture between Great Lakes Dredge & Dock Co. LLC and Ralph Clayton and Sons Materials L.P., announced the on Dec. 31, 2014, sale of real estate owned by the joint venture.
Read MoreHot Topics: $1 Trillion for Roads, Gas Tax Hike, Tax Repatriation
Sen. Bernie Sanders (I-Vt.) said that he will introduce legislation to authorize a $1 trillion, multi-year program to rebuild crumbling roads and bridges and invest in other infrastructure modernization projects. The investment not only would begin to address a growing backlog of badly-needed repairs, it also would put 13 million Americans to work at decent-paying jobs, according to Sanders, who…
Read MoreFMI Sees Three Keys to a Successful Construction Market
In it’s 2015 U.S. Markets Construction Overview, FMI predicts that the keys to a successful year for the construction-materials industry will depend upon:
Read MoreConstruction Spending Up 2.4 Percent Year-Over-Year
The U.S. Census Bureau of the Department of Commerce announced that construction spending during November 2014 was estimated at a seasonally adjusted annual rate of $975.0 billion, 0.3 percent (±1.5 percent) below the revised October estimate of $977.7 billion. The November figure is 2.4 percent (±1.6 percent) above the November 2013 estimate of $952.5 billion.
Read MoreGraymont to Open New Canadian Lime Plant and Quarry
Graymont and Native North American tribe Lheidli T’enneh have entered into an agreement with respect to Graymont’s proposed new lime plant and quarry near Giscome, British Columbia, Canada.
Read MoreVulcan’s James to Assume Non-Executive Chairman Role
Vulcan Materials Co. announced that Donald M. James, executive chairman of the board of directors, will retire as an employee of the company, effective Jan. 15, 2015, and will transition to non-executive chairman. James (65) served as president of Vulcan Materials from 1996 to 1997 and as chief executive officer from 1997 to 2014. He has served on the company’s…
Read MoreNew Home Sales Fall 1.6 Percent in November
Sales of newly built, single-family homes dropped 1.6 percent in November to a seasonally adjusted annual rate of 438,000 units, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Read MoreEagle Materials Appoints Haack COO
Eagle Materials Inc. appointed Michael Haack to the position of chief operating officer (COO), reporting to Steve Rowley, president and CEO. The COO position is a newly created one in response to the company’s significant growth and continued strategic expansion in construction and energy-related markets.
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