Rock Products - The Leading Voice of the Aggregate Industries.

Housing Starts Dip in July

Sales of newly built, single-family homes fell 2.4 percent to a seasonally adjusted annual rate of 412,000 units in July, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Sales numbers for June were revised up 16,000 to 422,000.

Read more: Housing Starts Dip in July

Country Star Kip Moore Debuts Construction Industry Song, Video

Kip MooreCountry music star Kip Moore debuted a new song and video today at www.CaseCE.com/OntheCase dedicated to the hard-working men and women of the construction industry. The song, “On the Case,” is a personal homage to his fan base and the people who have inspired and supported him throughout his career. The song and video are also being released in coordination with the beginning of the Labor Day weekend.

Read more: Country Star Kip Moore Debuts Construction Industry Song, Video

Report: Cement, Ready-Mix Prices Remain Elevated

Current construction costs rose for the 31st consecutive month in August according to IHS and the Procurement Executives Group (PEG). The current IHS PEG Engineering and Construction Cost Index (ECCI) registered 53.0 percent in August, softer than the July reading, but still in positive territory.

Read more: Report: Cement, Ready-Mix Prices Remain Elevated

July Construction Rises; Highways Down

New construction starts in July climbed 6 percent to a seasonally adjusted annual rate of $588.8 billion, according to McGraw Hill Construction, a division of McGraw Hill Financial. Nonresidential building continued to advance, supported by yet another robust month for manufacturing plant projects as well as improvement for commercial building.

Read more: July Construction Rises; Highways Down