Private Construction Spending Up Double Digits in 2022

According to the U.S. Census Bureau, construction spending during December 2022 was estimated at a seasonally adjusted annual rate of $1,809.8 billion, 0.4% (± 0.8%) below the revised November estimate of $1,817.3 billion. The December figure is 7.7% (±1.2%) above the December 2021 estimate of $1,681.0 billion. The value of construction in 2022 was $1,792.9 billion, 10.2% (±0.8%) above the…

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Construction Spending, Highways Tick Up in September

The U.S. Census Bureau announced that total construction spending during September 2022 was estimated at a seasonally adjusted annual rate of $1,811.1 billion, 0.2% (±1.0%) above the revised August estimate of $1,807.0 billion. The September figure is 10.9% (±1.5%) above the September 2021 estimate of $1,632.9 billion. During the first nine months of this year, construction spending amounted to $1,353.7…

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Construction Activity Contributes More to GDP

According to an Associated Builders and Contractors (ABC) report, the private construction industry’s value added as a percentage of the nation’s real gross domestic product (GDP) rose to 4 percent in 2016, the highest level since 2009. The report also shows annual growth in real construction spending, which rose 3.5 percent in 2016.

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Construction Spending Dips in January; Rises Year-Over-Year

The U.S. Census Bureau of the Department of Commerce announced that construction spending during January 2015 was estimated at a seasonally adjusted annual rate of $971.4 billion, 1.1 percent (±1.2 percent) below the revised December estimate of $982.0 billion. The January figure is 1.8 percent (±1.6 percent) above the January 2014 estimate of $954.6 billion.

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Martin Marietta Aggregates Volume Up in First Quarter

Martin Marietta Materials Inc. reported its results for the first quarter ended March 31, 2014. Net sales increased 10 percent, resulting in gross margin expansion and improved profitability, according to the company. Aggregates product line volume was up 8 percent. Ward Nye, President and CEO of Martin Marietta Materials, stated: “Our first-quarter 2014 results reflect the continued economic momentum from 2013’s…

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Vulcan’s Fourth-Quarter Profit Soars

Vulcan Materials reported that in the fourth quarter of 2013, net sales increased $78 million, or 14 percent, versus the prior year’s fourth quarter, as volumes continued to improve. Gross profit improved $38 million, or 48 percent, primarily on the strength of the volume growth and operating leverage in aggregates. Aggregates gross profit and profit margin increased $30 million and…

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