Dodge Momentum Index Loses Steam in April

The Dodge Momentum Index fell 5.1 percent in April to 133.8 (2000=100) from its revised March reading of 140.9. 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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ACG Materials Acquires North Florida Rock

H.I.G. Capital LLC (HIG), a private-equity investment firm, announced that its portfolio company, ACG Materials – a vertically integrated producer and processor of industrial minerals and aggregates including gypsum, limestone, sand, gravel and downstream food, pharmaceutical and plaster products – has acquired North Florida Rock Ltd (NFR).

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Construction Spending at Record Levels for Second Straight Month

Construction spending is at record levels for the second straight month in March and is up 4.9 percent for the first three months of year compared to the same period in 2016, despite dipping slightly compared to February, according to an analysis by the Associated General Contractors of America. Association officials said many firms are eager to see details of the President’s pending infrastructure plan, which should boost construction demand.

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Construction Materials Segment Down at MDU Resources

MDU Resources Group Inc. reported 12 percent higher first-quarter earnings from continuing operations of $35.5 million, or 18 cents per share, compared to first quarter 2016 earnings from continuing operations of $31.6 million, or 16 cents per share.

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Summit Materials' Aggregates Revenues Spike Higher in First Quarter

Summit Materials Inc. announced results for the first quarter 2017. For the three months ended April 1, 2017, the company reported a net loss of $52.4 million, compared to a net loss of $21.1 million in the prior-year period. On an adjusted basis, Summit reported a net loss of $54.8 million, versus a diluted net loss of $42.5 million in the prior year period.

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