February 21, 2014 – Things continue to look up! FMI’s First Quarter Nonresidential Construction Index report shows a 7.5 point increase since the 2013 fourth quarter report, as well as a 6.8 point increase from Q1 2013. This is the highest NRCI score to date.
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AASHTO President: States, Construction, Economy at Risk
The impending insolvency of the federal Highway Trust Fund poses a threat to state budgets, the construction industry and the overall economy that is real and that is even closer than originally estimated, according to Mike Hancock, American Association of State Highway and Transportation Officials’ president and secretary of the Kentucky Transportation Cabinet.
Read MoreJohn Deere Opens in Brazil
February 13, 2014 – The John Deere Construction & Forestry Division marked the completion of two world-class manufacturing facilities in Indaiatuba-SP, Brazil. John Deere will manufacture backhoe loaders and wheel loaders in one location and excavators, in partnership with Hitachi Construction Machinery, in the other. Customers in Brazil have utilized John Deere agriculture equipment for over 60 years and the expansion…
Read MoreConstruction Employment Keeps Increasing
Construction employment expanded in 192 metro areas, declined in 84 and was stagnant in 63 between December 2012 and December 2013, according to a new analysis of federal employment data released Feb. 5 by the Associated General Contractors of America. Association officials said that even with so many metro areas adding jobs for the year, only 20 metro areas topped…
Read MoreDemand for Multifamily Housing to Rise
Strong demand for apartments will increase over the next several years, said panelists during a press conference at the National Association of Home Builders (NAHB) International Builders’ Show (IBS) in Las Vegas. And while multifamily construction continues to be strong, NAHB does expect the speed to decrease as sustainable levels are reached in 2015 or 2016.
Read MoreBenchmark 2014: An Exclusive Survey
On Producer Opinions, Concerns and Buying Intentions. By Mark S. Kuhar
Read MoreMDU Resources Grows Aggregates Business
Aggregates, energy and oil producer MDU Resources Group Inc. reported 2013 consolidated adjusted earnings of $289.9 million, or $1.53 per share, compared to $218.9 million, or $1.16 per share in 2012.
Read MoreFMI Releases Q4-2013 Construction Outlook Report
FMI released its Q4-2013 Construction Outlook. The forecast predicts 2013 to end with 7 percent growth for the construction industry as a whole. Final statistics for construction-put-in-place will be available April 2014.
Read MoreThe Deal Goes Down
The Merger of Martin Marietta Materials and Texas Industries Creates a Construction-Materials Juggernaut. By Mark S. Kuhar
Read MoreMartin Marietta Materials Acquires Texas Industries
By Mark S. Kuhar
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