economy
Construction spending dip the first in more than year
U.S. construction spending fell for the first time in nearly 1 1/2 years in November, according to Reuters. A drop in nonresidential investment offset an increase in housing activity. Construction spending dipped 0.4 percent. This was the first spending dip… Keep Reading
FMI forecast revised to incorporate more potential growth
Construction activities are forecasted to grow at 6 percent through 2015, up from a second-quarter forecast of 5 percent, according to the latest FMI construction outlook. Construction growth is not only predicted to rise this year, but it is expected… Keep Reading
Firm scales back 2015 construction outlook
Construction activities are expected to grow at 5 percent this year, FMI Corp. reports, leveling off from a previous forecast of 8 percent that the firm produced. Although the new prediction is significantly lower than last quarter, FMI reports that… Keep Reading
Intriguing market opportunity
Reclaimed asphalt pavement is gaining momentum in U.S. Unless you’ve been living under a rock – no pun intended – you know that the reclaimed asphalt pavement (RAP) market is booming. The RAP concept makes sense. Even at the end… 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
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
Lafarge and Holcim set to receive merger approval
Lafarge and Holcim are set to receive the European Union’s approval for their merger deal to create the world’s largest cement maker, says an article on Reuters. According to the article, the two companies have already offered to sell business… Keep Reading
AEM awards 34 companies with Pillar of the Industry awards
The Association of Equipment Manufacturers (AEM) named 34 companies to receive its Pillar of the Industry awards. The companies who receive this award are member companies that have achieved gold-level status in the AEM’s “I Make America” campaign, which promotes… Keep Reading
FMI outlook says economy slowly improving
FMI released its Q3-2014 Construction Outlook, which anticipates slow growth in the economy. This forecast is attributed to the relatively low energy prices, low inflation, unemployment holding around 6.2 percent and GDP slowly growing. In addition to this, consumers are… Keep Reading
