Shipments of limestone on the Great Lakes totaled 3,348,040 tons in July, a decrease of 18 percent compared to a year ago, according to the Lake Carriers Association. July’s loadings were also 14 percent below the month’s five-year average.
Read MoreTag: construction
Graniterock Construction Academy Takes Teens Beyond Textbook
Andrea Rocha spent the summer before her senior year at Watsonville High School in California washing, testing and measuring aggregate at Graniterock’s research laboratory in Aromas, Calif.
Read MoreNew Home Sales at Highest Level Since 2007
Sales of newly built, single-family homes rose 12.4 percent in July from a downwardly revised June reading to a seasonally adjusted annual rate of 654,000 units, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This is the highest reading in almost nine years.
Read MoreGranite Construction Has Strong Second Quarter
Granite Construction reported net income of $14.1 million for the quarter ended June 30, 2016, compared to net income of $9.6 million in the second quarter of 2015.
Read MoreJuly Construction Starts Slip 2 Percent
At a seasonally adjusted annual rate of $586.3 billion, new construction starts in July fell 2 percent from the previous month, according to Dodge Data & Analytics. A steep drop by electric utilities pulled down the nonbuilding construction sector, which in turn contributed to the slight decline for total construction starts.
Read MoreAggregates Production Strong in Second Quarter
An estimated 646 metric tons (Mt) of total construction aggregates was produced and shipped for consumption in the United States in the second quarter of 2016, an increase of 6 percent compared with that of the second quarter of 2015, according to statistics from the U.S. Geological Survey (USGS).
Read MoreHousing Starts Climb Higher in July
Nationwide housing starts rose 2.1 percent in July to a seasonally adjusted annual rate of 1.21 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. This is the highest reading since February. Multifamily housing was up 5 percent to a seasonally adjusted annual rate of 441,000 units in July…
Read MoreEconomists Predict Construction Industry Growth
Associated Builders and Contractors (ABC) Chief Economist Anirban Basu, American Institute of Architects (AIA) Chief Economist Kermit Baker and National Association of Home Builders (NAHB) Chief Economist Robert Dietz predicted continued growth for the construction industry in 2017 during a joint economic forecast.
Read MorePolaris Materials’ Aggregates Sales Up 42 Percent
Polaris Materials Corp. reported financial results for its second quarter ending June 30, 2016. Aggregate sales for the current quarter were 946,000 tons, a 42 percent increase over sales of 668,000 tons in the second quarter of 2015. Shipments of the company’s products increased compared to the prior year due to both increased delivered shipments into San Francisco and ex-quarry…
Read MoreDodge Momentum Index Inches Higher in July
The Dodge Momentum Index moved slightly higher in July, increasing 0.5 percent to 134.7 (2000=100) from its revised June reading of 134.1. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.
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