By Allen-Villere Partners THE PULSE: CONSTRUCTION MATERIALS MARKET ANALYSIS PIERRE-VILLERE’S MARKET ASSESSMENTIn the latest update on the construction materials industry, the AVP Pulse Index experienced a modest decline of 0.7% for the month, although it experienced a strong year-ever-year growth of 5.5%. Over the past 36 months, the index increased impressively by 13.7%, indicating sustained strength within the sector. Notably, industry stocks continue to…
Read MoreTag: Infrastructure Investment and Jobs Act
The Record-Breaking Aggregates Industry
The publicly traded companies are out with their full-year 2023 financial reports and by all accounts it was a record-breaking year. The list goes on. While vibrant market conditions continue to drive performance for aggregates operations, there is no discounting the impact of the healthy price increases that companies are also reporting. Rock Products’ pricing guru, Barry Hudson of Price…
Read MoreUSGS Releases Mineral Commodity Summaries 2024
The U.S. Geological Survey (USGS) just released its Mineral Commodity Summaries 2024 publication, an annual information source that offers capsule summaries of specific mineral commodities in the United States, including crushed stone, and sand and gravel. In its initial capsule summary, USGS notes that in 2023, the estimated total value of nonfuel mineral production in the United States was $105 billion,…
Read MoreTRIP: New Mexico Roads, Bridges Need Improvements
A lack of sufficient transportation funding will make it difficult to adequately maintain and improve New Mexico’s existing transportation system. Increased investment in transportation improvements could relieve traffic congestion, improve road, bridge and transit conditions, boost safety, and support long-term economic growth in New Mexico, according to a new report released by TRIP, a Washington, D.C.-based national transportation research nonprofit.…
Read MorePCA’s Sullivan Refines Economic Forecast at WOC
Ed Sullivan, Portland Cement Association’s (PCA) chief economist and senior vice president of market Intelligence, anticipates the U.S. economy will gradually weaken during the first half of 2024 but will likely slowly recover in the second half. Sullivan made that prediction and others for the industries at a press conference held at World of Concrete 2024 in Las Vegas. Sullivan…
Read MoreWelcome to 2024
Happy New Year, and welcome to 2024. I hope this is a banner year for all of us and we see much success up ahead in the aggregates industry. Public highway, pavement and street construction is expected to grow by double digits for the second consecutive year, increasing 16% to $126 billion in 2024 from $108.6 billion in 2023, according…
Read MoreTRIP Ohio Report Details, Road, Bridge Needs
Recent increases in state and federal transportation funding have allowed Ohio to make needed improvements to the condition, safety and efficiency of the state’s roads and bridges. While this additional funding has been helpful, many needed projects will not proceed due to a lack of available funding and the impact of highway construction inflation. This is according to a new…
Read More2024 Outlook/Forecast
Aggregates Industry Looks To Make Gains As Projects Move Forward. By Mark S. Kuhar and Josephine Patterson Since President Joe Biden signed the Infrastructure Investment and Jobs Act (IIJA) into law Nov. 15, 2021, states have committed federal funds to support more than 56,000 eligible transportation improvements in all 50 states during the last two years, spanning nearly every U.S.…
Read MoreTHE PULSE
By Allen-Villere Partners THE PULSE: CONSTRUCTION MATERIALS MARKET ANALYSISThe Federal Reserve raised its benchmark rate 11 times to cool inflation, with the last rate increase in July. Most recently, the Federal Reserve held rates steady in December for the third straight time and acknowledged a possibility of three rate cuts in 2024. PIERRE VILLERE’S MARKET ASSESSMENTThe final quarter of the…
Read MoreUpending Another Giant Industry
There are tectonic plate shifts in our economy that have existed since the early ages of commerce, events so dramatic, they shake entire industries. An example would be how the advent of the Internet decimated the travel agency world. A couple of decades ago, trying to book airline tickets and hotel rooms was a laborious, over-the-phone nightmare that travel agents…
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