The U.S. Census Bureau of the Department of Commerce announced that construction spending during August 2015 was estimated at a seasonally adjusted annual rate of $1,086.2 billion, 0.7 percent (±1.5 ) above the revised July estimate of $1,079.1 billion. The August figure is 13.7 percent (±2.1 ) above the August 2014 estimate of $955.0 billion.
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February Construction Starts Jump 16 Percent
Three New Projects Valued In Excess Of $1 Billion Each; Highway And Bridge Work Advances 12 Percent. By Mark S. Kuhar
Read MoreFMI: Construction Market Ready to Pop
Total construction put-in-place (CPIP) for 2015 is predicted to grow 8 percent according to the latest report from FMI. This supports earlier FMI predictions that CPIP will top $1 trillion in 2015, something the market has not seen since 2008. This indicates that the economy is on track for a resilient recovery.
Read MoreYour Response is Important to Us
Dec, 17, 2014 – The U.S. aggregates industry faces a challenging year in 2015. Aggregates producers are looking ahead with anticipation to improved market conditions, driven by the resurgence in residential housing and increased activity from state DOTs, however, many questions remain. Can a new Congress pass an acceptable infrastructure bill? Will they find an answer to replenishing the fast-dwindling Highway Trust…
Read MoreConstruction Spending Inches Higher
The U.S. Census Bureau of the Department of Commerce reported that construction spending during July 2014 was estimated at a seasonally adjusted annual rate of $981.3 billion, 1.8 percent (±1.6 percent) above the revised June estimate of $963.7 billion. The July figure is 8.2 percent (±2.3 percent) above the July 2013 estimate of $906.6 billion.
Read MoreNonmetallic Minerals Index Rises
August 22, 2014 – Good big-picture news on the production front. According to USGS, the nonmetallic mineral products leading index increased 1.2 percent to 241.6 in July from a revised 238.8 in June, and its six-month smoothed growth rate increased to 7.4 percent from a revised 5.9 percent in June. The six-month smoothed growth rate is a compound annual rate…
Read MoreGreen Building a Key Trend in Economic Growth
By Mark S. Kuhar Residential construction is a key engine behind economic growth in the United States. According to McGraw Hill Construction’s Dodge Construction Market Forecast, single and multifamily housing projects account for about 45 percent of the value of all construction projects started in the United States in 2014. With that market forecast to grow rapidly in coming years,…
Read MoreConstruction Spending Ticks Upward
April construction spending was estimated at a seasonally adjusted annual rate of $953.5 billion. Find out how highways fared.
Read MoreVulcan’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…
Read MoreSullivan Predicts Growth at World of Concrete
January 22, 2014 – On the first day of the World of Concrete 2014 Show in Las Vegas, The Portland Cement Association’s Chief Economist Ed Sullivan forecast 8 percent growth in cement production this year, according to Don Marsh, editor of sister publication Concrete Products, who is reporting live from the show.
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