Total shipments of portland and blended cement, including imports, in the United States and Puerto Rico in July 2023 were an estimated 9.3 million metric tons (Mt), a slight decrease from shipments in July 2022, according to the most recent USGS Mineral Industry Survey. Of total blended tonnage reported in July 2023, 4.9 Mt (98%) was estimated to be portland-limestone cement…
Read MoreAccording to the U.S. Census Bureau, construction spending during June 2023 was estimated at a seasonally adjusted annual rate of $1,938.4 billion, 0.5% (±0.5%) above the revised May estimate of $1,929.6 billion. The June figure is 3.5% (±1.3%) above the June 2022 estimate. During the first six months of this year, construction spending amounted to $917.4 billion, 3.0% (±1.0%) above…
Read MoreTotal construction starts fell 4% in April to a seasonally adjusted annual rate of $1.04 trillion, according to Dodge Construction Network. Nonresidential starts led the drop as manufacturing fell 22% following strong performance in March. To balance the decline, nonbuilding starts rose 7%, and residential building stats gained 12%. On a year-to-date basis through April, total construction starts were 7%…
Read MoreThe Dodge Momentum Index (DMI), issued by Dodge Construction Network, fell 8.4% in January to 201.5 (2000=100) from the revised December reading of 220.0. In January, the commercial component of the DMI fell 10.0%, and the institutional component receded 4.7%. “The Dodge Momentum Index weakened in January, after 10 consecutive months of gains. While planning activity slowed, the Index remains…
Read MoreAccording to the U.S. Census Bureau, construction spending during December 2022 was estimated at a seasonally adjusted annual rate of $1,809.8 billion, 0.4% (± 0.8%) below the revised November estimate. The December figure is 7.7% (±1.2%) above the December 2021 estimate. The value of construction in 2022 was $1,792.9 billion, 10.2% (±0.8%) above the $1,626.4 billion spent in 2021. In…
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In a recent presentation on the “Outlook for 2023,” World Cement Association (WCA) Emir Adiguzel emphasized how 2023 will be a difficult year for the cement industry.
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Portland Cement Association’s (PCA) Chief Economist and Senior Vice President of Market Intelligence Ed Sullivan predicts a stronger U.S. economy during the first half of this year than was previously expected but believes there will likely be a slowdown in economic growth starting this summer.
Read MoreThe Dodge Construction Network held its 2023 Dodge Construction Outlook, a mainstay in the construction industry for more than 80 years. The forecast predicts that total U.S. construction starts will be unchanged in 2023 at $1.08 trillion. When adjusted for inflation total construction starts will dip 3%. “As the clouds of uncertainty mount on the fate of the economy in…
Read MoreTotal construction starts rose 9% in February to a seasonally adjusted annual rate of $1.013 trillion, according to Dodge Construction Network. Year-to-date, total construction was 14% higher in the first two months of 2022 than in the same period of 2021. Nonresidential building starts jumped 39%, nonbuilding starts rose 4% and residential starts gained 5%. For the 12 months ending…
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