The U.S. Census Bureau reported put-in-place construction statistics for March 2018. Construction spending was estimated at a seasonally adjusted annual rate of $1,284.7 billion, 1.7 percent (±0.8 percent) below the revised February estimate of $1,306.4 billion.
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USGS: No Growth in Total Aggregates Production for 2017
An estimated 572 million metric tons (Mt) of total construction aggregates was produced and shipped for consumption in the United States in the fourth quarter of 2017, an increase of 6 percent compared with that of the same period of 2016, according to Jason Willett, USGS crushed stone commodity specialist. The estimated total output of construction aggregates produced for consumption…
Read MoreConstruction Costs Rise in February
Construction costs escalated in February, driven by price increases for a wide range of building materials including steel and aluminum, according to an analysis by the Associated General Contractors of America of Labor Department data. Association officials warned that newly imposed tariffs on those metals will create steeper increases that will squeeze budgets for infrastructure, school districts and commercial projects.
Read MoreConstruction Spending Flat in January
Construction spending during January 2018 was estimated at a seasonally adjusted annual rate of $1,262.8 billion, nearly the same as (±1.0 percent) the revised December estimate of $1,262.7 billion, according to the U.S. Census Bureau. The January figure is 3.2 percent (±1.3 percent) above the January 2017 estimate of $1,223.5 billion.
Read MoreIndustry Associations Blast Steel Tariffs
President Trump imposed tariffs on imported steel and aluminum in a move that has been criticized by manufacturing businesses, industry groups and many in Congress. The tariffs, designed to favor U.S. industries over their foreign competitors, contain an initial exemption for Canada and Mexico. The move is seen as a negotiating tactic as the administration seeks broader trade concessions from…
Read MoreNatural Resource Partners Aggregates Business Rises
Natural Resource Partners L.P. (NRP) reported fourth quarter and full-year 2017 results. The company posted net income of $30.7 million in the fourth quarter of 2017, and net income of $88.7 million for the year.
Read MoreNew Home Sales Fall in January
Sales of newly built, single-family homes fell 7.8 percent in January to a seasonally adjusted annual rate of 593,000 units after an upwardly revised December reading, according to newly released data by HUD and the U.S. Census Bureau.
Read MoreFEMCO, KPI-JCI/Astec Mobile Screens Announce Service Agreement
FEMCO Holdings LLC has reached an agreement with KPI-JCI and Astec Mobile Screens whereby FEMCO’s facility located in Atlanta will serve as an Authorized Repair Facility in the Southeast region of the United States and thus will be enabled to provide factory-authorized maintenance, repair and warranty service on KPI-JCI and Astec Mobile Screens equipment. FEMCO is a national company providing…
Read MoreMartin Marietta’s Nye Looks Ahead With Confidence
On the heels of Martin Marietta Materials’ record revenues, profitability, earnings reported for the fourth quarter of 2017, Ward Nye, chairman, president and CEO is looking forward to 2018 with confidence.
Read MoreMcLanahan Adds North Atlantic Machinery to Dealer Network
McLanahan Corp. announced that North Atlantic Machinery, Inc. has joined their dealer network focusing on the construction and industrial aggregates industry. Located in Maine, North Atlantic Machinery will sell and distribute the McLanahan line of washing and classifying equipment in the New England region, specifically Maine, Massachusetts, Rhode Island, Connecticut, Vermont and New Hampshire. This includes products such as screw…
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