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Dodge Momentum Index on the Move in April

The Dodge Momentum Index rose 0.6 percent in April to 116.5 from its revised March reading of 115.8 (2000=100). 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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Lafarge's Presque Isle Quarry Sponsors Scholarship

Lafarge North America’s Presque Isle Quarry in Michigan (a member of LafargeHolcim) sponsored student scholarships at the 2016 Black Mountain Chapter of the National Wild Turkey Federation’s (NWTF) Annual Hunting Heritage and Scholarship Awards Banquet. Several employees from Presque Isle Quarry attended the event on April 16 to present the awards.

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March Construction Spending Ticks Upward; Infrastructure on Roll

The U.S. Census Bureau of the Department of Commerce announced that construction spending during March 2016 was estimated at a seasonally adjusted annual rate of $1,137.5 billion, 0.3 percent (±1.0 percent) above the revised February estimate of $1,133.6 billion.

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Summit Acquires Sierra Ready Mix

Summit Materials Inc. announced that it has acquired Sierra Ready Mix LLC, a vertically integrated aggregates and ready-mix concrete business located in Las Vegas. The acquisition provides Summit with premier, well-located assets in an expanding market, the company said.

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