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Dodge Momentum Index Recovers in October

The Dodge Momentum Index rose in October, climbing 13.2 percent to 130.9 (2000=100) from the revised September reading of 115.6. 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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Martin Marietta Optimistic About Future

Martin Marietta Materials remains optimistic about the company's long-term outlook given its continued ability to successfully execute its strategic business plans and the largely positive trends in the markets it serves. Given the skilled labor shortage, project delays and government uncertainty that has limited growth throughout the year, management has revised its guidance for full year 2017 as follows:

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Public Works Construction to Grow 3 Percent in 2018

Dodge Data & Analytics released its 2018 Dodge Construction Outlook, a mainstay in construction industry forecasting and business planning. The report predicts that total U.S. construction starts for 2018 will climb 3 percent to $765 billion.

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MDU Resources' Construction Materials Business Drops

MDU Resources Group Inc. reported third quarter earnings from continuing operations of $89.6 million, or 46 cents per share, compared to third-quarter 2016 earnings from continuing operations of $88.2 million, or 45 cents per share.

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Vulcan Makes Third-Quarter Gains Despite Weather

Vulcan Materials Co. announced results for the third quarter ended Sept. 30, 2017. According to the company, Hurricanes Harvey and Irma negatively affected more than half of the company's operational footprint in the third quarter. Important Southeastern markets, particularly Florida and Georgia, as well as coastal markets in Texas and along the central Gulf Coast were disrupted. Prolonged extreme weather conditions limited both revenue growth and profitability.

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