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Dodge Momentum Index at Eight-Year High

The Dodge Momentum Index increased 2.9 percent in December to 136.7 (2000=100) from its revised November reading of 132.8. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.

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U.S. Limestone Shipments Down; Canadian Up on Great Lakes

Shipments of limestone on the Great Lakes totaled 26.3 million tons in 2016, a decrease of 9.3 percent compared to 2015, according to the Lake Carriers' Association. Loadings for 2016 were also 5.3 percent below the trade’s five-year average.

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Summit Materials Acquires Colorado, Arkansas Operations

Summit Materials Inc. entered into definitive agreements to acquire Colorado-based Everist Materials, LLC and Arkansas-based Razorback Concrete Co., subject to customary closing conditions. Both transactions are expected to close on or before Feb. 28, 2017.

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Vulcan to Acquire Tennessee Operations

Vulcan Materials Co. has signed an asset purchase agreement to acquire Lebanon, Tenn.-based LoJac Holdings Corp.'s asphalt, construction, safety and Monterey operations, according to The Tennessean.

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Construction Spending Highest in 10 Years

Gains in all three major construction categories pushed total construction to its highest point since April 2006 when a housing expansion fueled a building boom.

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