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Economics Pulse: Construction materials update

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The first quarter of 2015 brought four areas of interest to the construction materials sector: year-end earnings reports; the first initial public offering in the sector in more than a decade; continued anticipation of the industry’s merger of its two… Keep Reading

Aggregates volume, pricing growth drive Martin Marietta’s first quarter

Martin Marietta Materials Inc. experienced improved margins and increased profitability during the first quarter of 2015. In fact, Martin Marietta reports it achieved a first-quarter profit for the first time in seven years. Ward Nye, Martin Marietta's chairman, president and… Keep Reading

FMI predicts 8 percent construction growth in 2015

FMI predicts total construction put in place (CPIP) will grow 8 percent in 2015. According to FMI, this prediction supports the company’s earlier forecast that CPIP will top $1 trillion in 2015. The sectors expected to experience the highest growth… Keep Reading

Dodge Momentum Index rises in February

The Dodge Momentum Index increased 4.3 percent to 126.3 in February from 121.1 in January, according to Dodge Data & Analytics. The index has exhibited somewhat of an alternating pattern of late, up in December, down in January and up… Keep Reading

Cat headquarters to remain in Peoria, new design revealed

After completing a multiyear study focused on modernizing its headquarters, Caterpillar Inc. reaffirmed that its headquarters will remain in Peoria, Ill. The company also revealed a new design that will eventually span 31 acres on the city’s riverfront, which will… Keep Reading

January construction rises 9 percent

According to Dodge Data & Analytics, the value of new construction starts climbed 9 percent in January to a seasonally adjusted annual rate of $621 billion with a Dodge Index of 131. The increase in January construction was due in… Keep Reading

FMI warns shortage in trade workers may slow construction

After surveying members of the Construction Personnel Executive Group, FMI reported a craft labor shortage might slow construction. The survey determined that 24 percent of the survey respondents will be unable to bid more work and 32 percent will experience… Keep Reading

CRH to purchase Lafarge, Holcim assets for $7.4 billion

Irish cement maker CRH has agreed to pay $7.4 billion for the Lafarge and Holcim assets, says an article on Reuters. This purchase will make CRH the world’s third-largest building materials supplier and the largest building supplier in central and… Keep Reading

Economics Pulse: Construction materials update

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Last year proved to be a year of mixed results for the construction materials sector. Production volumes increased in 2014, but not at the pace that many expected. Sales increased but profit margins struggled to show improvement. Stock prices for… Keep Reading

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