Nov. 28, 2022 – On Wed., Nov. 30 at 10:00 a.m. EST, National Stone, Sand & Gravel Association (NSSGA) member Gary W. Johnson, vice president of land and quarry operations at Granite Construction Co., will participate in a hearing held by the Committee of Environment and Public Works on the Bipartisan Infrastructure Law Implementation, examining private sector perspectives. He will share a first-hand perspective on the value aggregates…
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Single-Family Housing Contraction Continues in October
Overall housing starts decreased 4.2% to a seasonally adjusted annual rate of 1.43 million units in October, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The October reading of 1.43 million starts is the number of housing units builders would begin if development kept this pace for the next 12…
Read MoreChaney Enterprises Announces New Concrete Plant in Virginia
Aggregates and ready-mix concrete ready-mix concrete producer Chaney Enterprises announced the opening of its Norfolk concrete plant in Virginia. Chaney Enterprises’ new ready-mix concrete plant in southeastern Virginia is tactically placed in proximity to downtown Norfolk, the Norfolk Naval Shipyard, the Naval Operations Base (NOB), Norfolk International Airport, Little Creek Amphibious Base and the southside shipyards. The Norfolk concrete plant,…
Read MoreVulcan Notes Acquisitions, Looks Ahead to 2023
Vulcan Materials, during its third-quarter conference call, noted that during the quarter, it acquired strategic aggregates and downstream assets to complement its position in Northern California. Additionally, the company acquired a quarry in Honduras “from which we have been distributing materials to certain Gulf Coast markets since 2019,” the company stated. Regarding the company’s outlook for 2022, Tom Hill, Vulcan…
Read MoreAggregates Producers Among Command Alkon ELEVATE Award Winners
Technology solutions provider Command Alkon announced the winners of this year’s ELEVATE Awards, recognizing both individual and corporate performance. The awards were presented during the ELEVATE Awards Ceremony on Oct. 27 at the Command Alkon User Conference.
Read MoreVulcan Materials Reports 38% Increase in Total Revenues
Vulcan Materials Co. announced results for the quarter ended Sept. 30, reporting total revenues of $2.088 billion versus $1.517 billion in the third quarter of 2021. Year-to-date, the company is reporting total revenues of $5.583 billion versus $3.946 billion over the same period in 2021. Total revenues increased 38%, driven by double-digit growth in the company’s legacy operations as well…
Read MoreHolcim Reports Continued Record Performance; Green Growth
In the third quarter 2022, Holcim delivered another quarter of record results with net sales of CHF 8,045 million, up 16.3% on a like-for-like basis (LFL) compared to the prior year, or +10.4% of absolute growth. Net sales over the first nine months of 2022 were CHF 22,725 million, or 13.9% higher LFL than the prior-year period. Recurring EBIT reached…
Read MoreNew Home Sales Fall Back in September
Rising mortgage rates approaching 7% along with declining builder sentiment stemming from stubbornly high construction costs and weakening consumer demand pushed new-home sales down at a double-digit rate in September. Following a brief uptick in August, sales of newly built, single-family homes in September fell 10.9% to a 603,000 seasonally adjusted annual rate, according to newly released data by the…
Read MoreSingle-Family Permits Decline in August 2022
Over the first eight months of 2022, the total number of single-family permits issued year-to-date (YTD) nationwide reached 728,866. On a year-over-year (YoY) basis, this is 6.0% below the August 2021 level of 775,772. It takes 400 tons of aggregates to construct the average modern home, according to the National Stone, Sand & Gravel Association. Year-to-date ending in August, single-family…
Read MoreBlue Ridge Construction Capital Announces North Carolina Acquisitions
Blue Ridge Construction Capital LLC (BRCC), in partnership with aggregate industry veteran Anthony Minshew, announced the acquisitions of Matthews Sand and Gravel (MSG) and Edge Aggregates LLC.
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