Eagle Materials Inc. reported financial results for the first quarter of fiscal 2015 ended June 30, 2014. Notable items for the quarter include (all comparisons, unless otherwise noted, are with the prior year’s first quarter):
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Ontario to Invest $130 Billion in Infrastructure
Ontario is moving forward with its plan to build opportunity and security for the future. The 2014 Ontario Budget tabled by Minister of Finance Charles Sousa takes immediate action to create jobs by investing in a highly skilled workforce, building modern infrastructure and transportation networks, and supporting a dynamic and innovative business climate.
Read MoreConstruction Adds Jobs in June; Nonresidential Sluggish
The U.S. construction industry added 6,000 jobs in June, according to the Bureau of Labor Statistics (BLS) July 3 report; however, nonresidential construction added only 700 of those jobs and the heavy and civil engineering sector lost 700 jobs.
Read MoreLafarge Slag Cement Used at One World Trade Center
Taking advantage of innovative construction materials, the 104-story, 1,776-ft. One World Trade Center tower is designed to be the safest and most environmentally friendly commercial building in the world, according to Lafarge.
Read MoreNonmetallic Mineral Products Index Increases
The nonmetallic mineral products leading index increased 1.0 percent to 238.1 in June from a revised 235.7 in May, and its six-month smoothed growth rate increased to 5.4 percent from a revised 4.0 percent in May, according to USGS.
Read MoreJune Construction Jumps 6 Percent
New construction starts in June advanced 6 percent to a seasonally adjusted annual rate of $549.7 billion, the highest level so far in 2014, according to McGraw Hill Construction, a division of McGraw Hill Financial. Nonresidential building strengthened after pulling back in May, with the lift coming from the start of several large manufacturing plant projects. Modest gains in June…
Read MoreEPA Rescinding Valid Clean Water Permits
A decision by the U.S. Environmental Protection Agency (EPA) to revoke a valid Clean Water Act (CWA) permit from a mining operation in West Virginia could have ripple effects on the ability of public agencies and private firms to deliver urgently-needed transportation-improvement projects for the nation, American Road & Transportation Builders Association (ARTBA) First Vice Chairman Nick Ivanoff, president and…
Read MoreU.S. Housing Starts Fall; Canadian Starts Up Slightly
Nationwide housing production fell 9.3 percent to a seasonally adjusted annual rate of 893,000 units in June, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The drop was due primarily to a nearly 30 percent decline in the South. All other regions posted monthly gains.
Read MoreObama Launches Build America Investment Initiative
President Obama, speaking at the Port of Wilmington in front of the I-495 Bridge in Delaware, announced a new executive action to create the Build America Investment Initiative, a government-wide initiative to increase infrastructure investment and economic growth.
Read MoreCongressional Action Needed for Proper Water Safeguards
Rep. Steve Southerland (R-Fla.) has introduced Waters of the United States Regulatory Overreach Protection Act (H.R. 5078). This bipartisan legislation establishes safeguards that preserve important federal-state partnerships in protecting our nation’s waterways.
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