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Eagle Materials Buoyed by Heavy Materials Operating Earnings

Eagle Materials Inc. reported record revenue of $1.4 billion, up 14 percent for fiscal year 2018; and record revenue of $284.7 million, up 2 percent for its fiscal fourth quarter ended March 31, 2018.

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New Enterprise Completes Strategic Acquisition; Divestiture

New Enterprise Stone & Lime Co. Inc. (NESL) of New Enterprise, Pa., announced that on May 4 it acquired certain assets of Popple Construction Inc. and Pioneer Aggregates Inc., consisting primarily of one aggregate plant, one hot mix asphalt plant and a paving laydown business.

Read more: New Enterprise Completes Strategic Acquisition; Divestiture

Boral to Sell U.S. Concrete & Quarries Business

Australia's Boral Limited announced that it has agreed to sell its Concrete & Quarries business in Denver to Brannan Sand and Gravel Co. for $127 million. The sale includes its quarry operation in Brighton, Colo.

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Construction Costs Surge in April on Proposed Tariffs

The cost of goods used in construction jumped in April at the fastest year-over-year rate since 2011, with ongoing increases for a wide range of building materials, including many that are subject to proposed tariffs that could drive prices still higher and cause scarcities, according to an analysis by the Associated General Contractors of America of Labor Department data. Association officials said that the new data indicates many firms are already being squeezed by higher materials prices that they are unable to pass along to their customers.

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Dodge Momentum Index Moves Higher in April

The Dodge Momentum Index jumped 6.1 percent in April to 163.0 (2000=100) from the revised March reading of 153.7. 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.

Read more: Dodge Momentum Index Moves Higher in April