Industry Reports

Published on: 01/12/2021
Construction activity has demonstrated resilience amid substantial COVID-induced headwinds, providing enhanced visibility for upstream aggregates providers.  Following a 12% increase in construction starts in October led by the Nonbuilding segment, November activity modestly fell 2%, according to Dodge Data & Analytics.  However, industry optimism has been supported by the steady recovery in the Nonresidential sector, which registered a 19% increase in starts, buoyed by a 27% rise in the Commercial sector. 
Published on: 11/23/2020
Demand in the Building Products industry has demonstrated sustained recovery in recent months. For the fourth consecutive month, spending for total construction rose in September, led by gains in the Residential sector, according to the U.S. Census Bureau.  The substantial increase in prospective home buyers has manifested in elevated single-family home sales, as building products participants work to procure inventory to meet the backlog of activity.
Published on: 10/23/2020
 COVID-induced headwinds through Q2 2020 manifested in project delays and cancellations, supply chain challenges, and workforce capacity restrictions, contributing to substantial declines in construction spending.  However, industry demand has rebounded in recent months, with construction notching three consecutive months of gains, rising 1.4% in August, according to the U.S. Census Bureau. 
Published on: 09/29/2020
Following four consecutive months of decline in construction spending, activity has begun to stabilize with July construction increasing a modest 0.1% from the previous month, according to the U.S. Census Bureau.  While tighter project financing conditions and weakened state and local government finances have presented challenges for aggregates producers, the backlog of activity has remained robust, supporting continued industry demand.
Published on: 08/10/2020
COVID-19 created unprecedented disruption in the Building Products industry in early 2020 as lockdown measures and supply chain challenges severely impacted industry demand and downstream markets.  However, as lockdown measures ease and building products participants move towards a more normalized workload, industry demand and unemployment rates have displayed signs of a rebound.   
Published on: 06/26/2020
The Aggregates industry has combated unprecedented challenges brought by the pandemic which has manifested in substantial declines in construction spending, which fell nearly 3% in April month-over-month, according to the U.S. Census Bureau.  However, as shelter in place orders are lifted and state and local economies begin to reopen, optimism in the Aggregates industry has been supported by a resumption of construction projects and contractor hiring activity towards the close of Q2.
Published on: 04/15/2020
The impacts of COVID-19 have yet to be fully realized in the Aggregates industry, although signs of disruption have manifested in construction project delays, temporary plant closures, and potential workforce restrictions.
Published on: 04/02/2020
The coronavirus outbreak has created substantial challenges for global healthcare systems, introduced unprecedented and widespread supply chain disruptions, and severely dampened growth forecasts among U.S. companies. 
Published on: 01/09/2020
Demand in the Aggregates industry has been fueled by robust activity across Nonbuilding, Nonresidential, and Residential sectors, with construction starts surging 37% in November to a seasonally adjusted rate of $988.9 billion, according to Dodge Data & Analytics.
Published on: 01/02/2020
Demand in the Building Products industry has been fueled by low interest rates, heightened public construction spending, and a robust level of backlog activity.