FMI Sees Three Keys to a Successful Construction Market
- Published: Monday, 05 January 2015 13:03
- Written by Rock Products News
The U.S. Census Bureau of the Department of Commerce announced that construction spending during November 2014 was estimated at a seasonally adjusted annual rate of $975.0 billion, 0.3 percent (±1.5 percent) below the revised October estimate of $977.7 billion. The November figure is 2.4 percent (±1.6 percent) above the November 2013 estimate of $952.5 billion.
Vulcan Materials Co. announced that Donald M. James, executive chairman of the board of directors, will retire as an employee of the company, effective Jan. 15, 2015, and will transition to non-executive chairman.
Sales of newly built, single-family homes dropped 1.6 percent in November to a seasonally adjusted annual rate of 438,000 units, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.