economics
Equipment leasing association shares its 2015 outlook
The Equipment Leasing and Finance Association (ELFA) expects 2015 to be a breakout year for the U.S. economy, with overall growth expected to top 3 percent. Although ELFA says 3 percent gross domestic product (GDP) growth was the average pace… Keep Reading
Firm: November year’s strongest month for nonresidential building plans
The Dodge Index, a monthly measure of the first report for nonresidential building projects in planning, increased 13 percent in November from the previous month, according to Dodge Data & Analytics. The November increase brings the momentum index to 143,… Keep Reading
Builders association expects further economic growth in 2015
Associated Builders and Contractors (ABC) forecasts a steady and ongoing economic recovery for the U.S. commercial and industrial construction industries in 2015. The industry recovery that took place this year should continue in 2015, ABC says, with momentum growing in… Keep Reading
Aggregate production up in third quarter
The U.S. Geological Survey (USGS) released third-quarter figures related to the production of total aggregates, crushed stone, and construction sand and gravel. Here's a breakdown of each category: Total aggregates An estimated 683 million metric tons (Mt) of total aggregates… Keep Reading
Firm provides reasons for nonresidential construction optimism
Management consulting and investment banking firm FMI released its Nonresidential Construction Index (NRCI) for the fourth quarter. The index increased slightly from the third quarter, moving from 62.5 to 62.8. According to FMI, the 62.8 mark is 5.5 points ahead… Keep Reading
Momentum builds again for nonresidential projects
The Dodge Momentum Index, a monthly measure of the first report for nonresidential building projects in planning, rose in October to 125.5. That's a 7.6-percent jump from October’s 116.6 reading, according to Dodge Data & Analytics. The momentum index had… Keep Reading
George Reddin joins Pit & Quarry team
We are pleased to announce that George Reddin, a managing director with FMI Capital Advisors Inc., joins Mike Heenan and David Chereb as a regular Pit & Quarry contributor. Reddin will serve as our economics columnist, and his articles will… Keep Reading
Acquisition contributes to Martin Marietta’s quarterly growth
Martin Marietta Materials Inc. released its third-quarter results, reporting a 53 percent growth in net sales that's due in large part to the acquisition of Texas Industries Inc. "Third-quarter 2014 results reflect the acquisition of TXI, the benefits of our… Keep Reading
Nye, Martin Marietta have positive economic outlook
Martin Marietta Materials Inc. noted in its third-quarter report that a number of economic trends are providing signs of encouragement for the industry. For example, Martin Marietta notes that nonresidential construction is expected to increase in both the heavy industrial… Keep Reading
