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U.S. Asphalt Sales to Reach 27.6 Million Tons in 2021

Demand for asphalt used in paving, roofing and other products is forecast to rise 3.0 percent annually to 27.6 million tons in 2021. In terms of weight, asphalt used in paving products is projected to see the most rapid growth, reaching nearly 22 million tons in 2021. 

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Cemex Contributes $45,000 to Education Program

Cemex will donate $45,000 to the Edwards Aquifer Conservancy (EAC), an organization that supports and benefits the Edwards Aquifer. Cemex's Balcones Quarry in New Braunfels, Texas, is one of the largest limestone quarries in the United States. The donation funds the Cemex Educator Excursion Series, a series of hands-on educator workshops that promotes protection and conservation of the Edwards Aquifer and its surrounding habitat located in Bexar and Comal counties. 

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MSHA Issues a New Serious Accident Alert

The Mine Safety and Health Administration (MSHA) has issued a new serious accident alert. The accident occurred on June 29. 

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Dodge Momentum Index Stumbles in July

The Dodge Momentum Index fell in July, dropping 3.3 percent to 135.0 (2000=100) from its revised June reading of 139.6. 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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Construction Spending Down for Month; Up for Year

Construction spending during June 2017 was estimated at a seasonally adjusted annual rate of $1,205.8 billion, 1.3 percent (±1.5 percent) below the revised May estimate of $1,221.6 billion. The June figure is 1.6 percent (±1.8 percent) above the June 2016 estimate of $1,186.4 billion.

Read more: Construction Spending Down for Month; Up for Year