Aug. 31, 2021 – According to Ken Simonson, Associated General Contractors’ chief economist, materials prices continue to rise for a variety of inputs. Vulcan Materials Co. notified customers it “will implement 2022 price increases at or near 11% across our markets, with less flexibility than you may have been accustomed to in the past.” On Aug. 13, USG notified customers it would increase prices effective…
Read MoreTag: Construction materials
Materials Prices Keep Rising
August 16, 2021 – According to Ken Simonsen, chief economist at Associated General Contractors, construction materials costs continued to outstrip bid prices in the 12 months ending in July despite a recent drop in lumber and copper prices. The producer price index (PPI) for new nonresidential building construction – a measure of the price that contractors say they would charge to build a…
Read MoreMDU Resources Sees Strong Demand in Materials Business
MDU Resources Group Inc. reported second quarter earnings of $100.2 million, or 50 cents per share, compared to second quarter 2020 earnings of $99.7 million, or 50 cents per share. For the six months ended June 30, MDU Resources earned $152.3 million, or 76 cents per share, compared to $124.8 million, or 62 cents per share, in 2020.
Read MoreArcosa Acquires Southwest Rock Products
Arcosa has acquired Arizona-based Southwest Rock Products LLC and affiliated entities for $150 million. Southwest Rock is a pure-play natural aggregates company serving the greater Phoenix metropolitan area with five active sand and gravel locations and one hard rock quarry producing approximately five million annual tons of construction aggregates.
Read MoreMergers and Acquisitions Dominate the News
In the last couple of months, I have written about the housing boom, as well as an economy on fire, which coupled with the prospects for an infrastructure bill just adds optimism to the outlook for our industry. But as we look out toward the last remaining months of the year, it has been remarkable to witness the growth spurt…
Read MoreBurnco Hires Zais as CEO
Burnco has hired Tom Zais as CEO for the Burnco Group of companies. He will be responsible for overseeing all U.S. and Canadian operations. In the United States, Burnco supplies ready-mixed concrete and aggregate products for residential, municipal and commercial projects in the Denver metro and northern Colorado markets, with aggregates plants in Golden, Longmont, Greeley and Fort Lupton, Colo.
Read MoreLafargeHolcim to Partner on C&D Project
LafargeHolcim in the United States along with its subsidiary company, Geocycle, announced a cooperative agreement research project with the U.S. Army Corps of Engineers’ Engineer Research and Development Center (ERDC) to study how construction and demolition (C&D) materials can be used for energy recovery and mineral recycling.
Read MoreNew Frontier Materials Buys Fred Weber Quarry, Asphalt Assets
New Frontier Materials, a company formed last year to acquire companies in the construction materials industry, has purchased Fred Weber’s asphalt and rock quarry assets, giving the new firm more than 20 asphalt and quarry sites. Sherrod B. (Mike) Clarke is CEO of New Frontier, which lists a New York office in business filings and is backed by a private…
Read MoreThe Economic Boom I Expected
Last month, I wrote about the housing boom that I had been predicting, and since then, the National Association of Realtors released a report stating that construction of new housing in the past 20 years fell 5.5 million units short of long-term historical levels and called for a “once-in-a-generation” policy response. But a booming housing market rife with shortages is…
Read MoreBMC Enterprises Makes Strategic Acquisitions
St. Louis-based aggregates and concrete producer BMC Enterprises Inc. has acquired Stewart Concrete Products headquartered in Halfway, Mo., and created a strategic partnership with Stewart-Morrison Redi-Mix Inc. based in West Plains, Mo., bringing the company’s recent acquisitions to five in the last 13 months.
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