According to the U.S. Census Bureau, construction spending during August 2024 was estimated at a seasonally adjusted annual rate of $2,131.9 billion, 0.1% (±1.2%) below the revised July estimate of $2,133.9 billion. The August figure is 4.1% (±1.6%) above the August 2023 estimate of $2,047.4 billion. During the first eight months of this year, construction spending amounted to $1,428.5 billion,…
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Construction Spending Ticks Down in July; Highways Down
According to the U.S. Census Bureau, construction spending during July 2024 was estimated at a seasonally adjusted annual rate of $2,162.7 billion, 0.3% (±1.0%) below the revised June estimate of $2,169.0 billion. The July figure is 6.7% (±1.8%) above the July 2023 estimate of $2,027.4 billion. During the first seven months of this year, construction spending amounted to $1,237.5 billion,…
Read MoreCDE to Commission Second Wash Plant in Texas for Resolve Aggregates
Since partnering with washing experts CDE in 2015, Resolve Aggregates has met production objectives at one site, relocated to grow and maximize opportunities on another, and expanded its wash plant to explore new markets. Now, the sand and gravel company is investing in its second CDE plant for a new greenfield site in Fannin County, Texas. Resolve Aggregates has been…
Read MoreMay Construction Spending Flat, Up Year-Over-Year
According to the U.S. Census Bureau, construction spending during May 2024 was estimated at a seasonally adjusted annual rate of $2,139.8 billion, 0.1% (±1.0%) below the revised April estimate of $2,142.1 billion. The May figure is 6.4% (±1.6%) above the May 2023 estimate of $2,011.8 billion. During the first five months of this year, construction spending amounted to $836.3 billion,…
Read MoreFederal Judge Issues Nationwide Injunction in Davis-Bacon Rule Case
The Associated General Contractors of America (AGC) celebrated a significant legal victory in its ongoing efforts to protect members from overreaching federal regulations. The U.S. District Court for the Northern District of Texas in Lubbock has granted AGC’s motion for a nationwide preliminary injunction, temporarily blocking the AGC-challenged provisions to a rule issued by the U.S. Department of Labor expanding…
Read MoreAjax Paving Operates Automated Loaders from a Command Center
Asphalt manufacturing is a time-sensitive business. When customers need asphalt, it’s needed right away, which is understandable since roadways are a critical part of America’s transportation infrastructure. Ajax Paving – which operates eight asphalt manufacturing plants across the state of Florida and has paved thousands of miles of roadways – needs to ensure they have enough operators to run the…
Read MoreConstruction Spending Dips in February; Up for Year
Construction spending during February 2024 was estimated at a seasonally adjusted annual rate of $2,091.5 billion, 0.3% (±0.8%) below the revised January estimate of $2,096.9 billion. The February figure is 10.7% (±1.3%) above the February 2023 estimate of $1,889.6 billion. During the first two months of this year, construction spending amounted to $298.1 billion, 11.9% (±1.3%) above the $266.5 billion…
Read MoreConstruction Spending Dips in January; Up Year Over Year
Construction spending during January 2024 was estimated at a seasonally adjusted annual rate of $2,102.4 billion, 0.2% (±0.8%) below the revised December estimate of $2,105.8 billion, according to the U.S. Census Bureau. The January figure is 11.7% (±1.5%) above the January 2023 estimate of $1,882.2 billion. In January, the estimated seasonally adjusted annual rate of public construction spending was $479.0…
Read MoreAGC’s Sandherr to Retire; Shoaf To Become CEO
Stephen E. Sandherr announced his retirement as chief executive officer of the Associated General Contractors of America (AGC), effective March 31, 2024. Sandherr has been CEO of the association for the commercial construction industry for 27 years and has served it for 37 years in various capacities. The association also announced that its current chief operating officer, Jeffrey Shoaf will serve…
Read MoreConstruction Spending Rises in May, Highways Down
Construction spending during May 2023 was estimated at a seasonally adjusted annual rate of $1,925.6 billion, 0.9% (±0.5%) above the revised April estimate of $1,909.0 billion. The May figure is 2.4% (±1.2%) above the May 2022 estimate of $1,880.9 billion. During the first five months of this year, construction spending amounted to $740.8 billion, 2.9% (±1.0%) above the $719.6 billion…
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