Led by impressive gains in both single-family and multifamily production, nationwide housing starts surged 25.5 percent in October to a seasonally adjusted annual rate of 1.32 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Single-family starts reached their highest level since October 2007 while multifamily production jumped 68.8…
Read MoreTag: construction
Aggregate Industries Products Central to Sustainable Construction Project
Aggregate Industries US made a huge contribution to the new MGM National Harbor project on the eastern shore of the Potomac River, just south of Washington, D.C. The 1 million-sq.-ft. facility – which will feature gaming, lodging, entertaining, dining, retail and parking space – is a showcase for sustainability.
Read MoreLafargeHolcim Reports Decreased North American Aggregates, Cement Sales
LafargeHolcim announced third-quarter results, with both aggregates and cement sales in North America decreasing. Aggregates sales totaled 36.7 million tons, down from 38.8 million tons in 2015. Cement sales totaled 6.0 million tons, down from 7.0 million tons in 2015.
Read MoreMDU Resources Reports Record Construction Materials Earnings
MDU Resources Group Inc. reported third-quarter earnings from continuing operations of $88.2 million, or 45 cents per common share, compared to earnings from continuing operations of $73.7 million, or 38 cents per common share, for the third quarter of 2015.
Read MoreConstruction Spending Dips in September; Highways Rise
The U.S. Census Bureau of the Department of Commerce announced that construction spending during September 2016 was estimated at a seasonally adjusted annual rate of $1,150.0 billion, 0.4 percent (±1.3 percent) below the revised August estimate of $1,154.4 billion. The September figure is 0.2 percent (±1.8 percent) below the September 2015 estimate of $1,152.1 billion.
Read MoreTerramac Expands North American Dealer Network
Terramac, a leading manufacturer of innovative rubber track crawler carriers, expanded its representation in the North American market to include Power Equipment Co. as part of its dealer network. Power Equipment will represent the versatile Terramac product line in regions of Arkansas and Tennessee. Chris Gaylor, president of Power Equipment Co. (left) and Matt Nelson, regional sales manager of Terramac.…
Read MoreBarton Dies; Former Caterpillar Chairman
Glen Barton, former Caterpillar Inc. chairman and chief executive officer (CEO), died in Peoria, Ill., at age 77. Barton retired in 2004 after nearly 43 years of service to Caterpillar, spending the last five as chairman and CEO.
Read MoreNew Home Sales Rise in September
Sales of newly built, single-family homes rose 3.1 percent in September from a downwardly revised August reading to a seasonally adjusted annual rate of 593,000 units, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Read MoreIndeco North America Launches Lubemaxx Automatic Greasing System
Continuing its “smart-growth” strategy of identifying, evaluating and delivering new, value-added product innovations that provide quantifiable business value to the construction and demolition industries, Indeco North America launched the Lubemaxx automatic greasing system for hydraulic breakers.
Read MoreTerex Finlay Tracked Inclined Screen Is Highly Versatile
The Terex Finlay 674 is a “highly versatile and adaptable machine engineered and built for working in quarrying, mining, construction and demolition debris, topsoil, recycling, sand, gravel, coal and aggregate applications,” according to the company.
Read More