Simonson Says Price Increases Continue

Associated General Contractors (AGC) chief economist Ken Simonson – in his latest Data Digest Report – noted that solely due to soaring residential activity, construction spending in March increased 0.2% from a downwardly revised February rate and 5.3% from March 2020 to a seasonally adjusted annual rate of $1.51 trillion, the Census Bureau reported. Because unusually mild or harsh weather…

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Construction Spending Ticks Upward

The U.S. Census Bureau announced that construction spending during March 2021 was estimated at a seasonally adjusted annual rate of $1,513.1 billion, 0.2% (±0.8%) above the revised February estimate of $1,509.9 billion. The March figure is 5.3% (±1.0%) above the March 2020 estimate of $1,436.7 billion. 

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Propane Council Shares Air Quality Resources

May 3, 2021 – In celebration of Clean Air Month, the Propane Education & Research Council (PERC) is encouraging construction professionals to visit its webpage dedicated to carbon monoxide (CO) safety and indoor air quality this month. Celebrated in May, the American Lung Association (ALA) sponsors Clean Air Month to bring heightened awareness to the correlation between clean air and respiratory…

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Cat Sales, Revenue Up in First Quarter

Caterpillar reported first quarter 2021 sales and revenues of $11.887 billion compared with $10.635 billion in the first quarter of 2020, a 11.8% increase. The company’s Construction Industries Division posted total sales of $5.459 billion in the first quarter of 2021, an increase of $1.153 billion, or 27%, compared with $4.306 billion in the first quarter of 2020. 

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What’s Under Construction?

May 3, 2021 – Since the completion of the First Transcontinental Railroad in 1869, the first megaproject in U.S. history, crews around the nation have always eyed making the country’s infrastructure better and more efficient. ConExpo-Con/Agg 365 recently ranked the top five infrastructure projects currently underway in the United States. Hint: there’s a lot of transit on the list. Check out the…

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Terex Trucks to Expand Footprint in Canada

With many big projects planned, the construction equipment market in Canada is expected to grow at 2.4% until 2027, according to market research firm ReportLinker. Terex Trucks wants to benefit from this opportunity and further strengthen its market presence in Canada by expanding its dealer network to reach more customers in new locations.

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