Road to Prosperity
Manufacturing propels construction starts forward
Dodge Construction Network says manufacturing starts skyrocketed 285 percent in August, driving total construction starts upward 6 percent. Keep Reading
Summit Materials, Argos USA to combine
Summit Materials is combining with Argos North America Corp. – the U.S. arm of Cementos Argos – in a deal that exceeds $3 billion. Keep Reading
USGS: Aggregate production down slightly in second quarter
While crushed stone production was flat, the U.S. Geological Survey (USGS) says sand and gravel production slipped 4 percent in the second quarter. Keep Reading
Nonresidential construction spending sees minimal growth in July
Private nonresidential spending increased 0.5 percent, while public nonresidential construction spending was down 0.4 percent in July, a net 0.1 percent gain for total nonresidential construction Keep Reading
Nonresidential construction driving industry employment growth
The Associated Builders & Contractors report that the construction industry gained 22,000 jobs in August, with nonresidential construction accounting for 21,000. Keep Reading
Martin Marietta, UNACEM strike a deal
Martin Marietta is offloading a California cement plant to the Peruvian company in a deal valued at more than $300 million. Keep Reading
Construction job openings down, labor scarcity remains
Anirban Basu, chief economist at the Associated Builders & Contractors, anticipates labor scarcity to a headwind in 2023, despite job openings going down. Keep Reading
CRH reports strong first-half performance
CRH saw gains in total sales and EBITDA in the first six months of 2023, with its Americas business realizing increases in those measures as well. Keep Reading
Heidelberg Materials makes a deal in Canada
The company agreed to acquire Green Drop Rock Products, which serves the market in Calgary, Alberta. Keep Reading
