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Construction Spending, Employment Rise; Highways Down

The U.S. Census Bureau announced that construction spending during April 2018 was estimated at a seasonally adjusted annual rate of $1,310.4 billion, 1.8 percent (±1.0 percent) above the revised March estimate of $1,286.8 billion.

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Georgia Highways Get a Boost from TFA; More Investment Needed

The 2015 passage of Georgia’s Transportation Funding Act (TFA) allowed the state to address many of its transportation challenges by investing in road, highway and bridge repairs, roadway safety improvements, and congestion relief. Despite this progress, the state will still need additional increases in reliable transportation funding to maintain its aging transportation system, improve traffic safety and serve the future needs of Georgia’s growing economy, according to a new report released by TRIP, a Washington, D.C.-based national transportation organization. 

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Granite Construction Materials Revenue Spikes in First Quarter

Granite Construction reported that revenue increased to $563.4 million, up 20.3 percent year-over-year for the quarter ended March 31, 2018. Construction Materials revenue increased 32.5 percent to $45.7 million, compared with $34.5 million last year. However, the company reported a net loss of $11.4 million, compared to a net loss of $23.8 million in the first quarter. 

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Mississippi Lime Bird Study Good News for Producers

According to Kimberly Bauman, director of environmental affairs for Mississippi Lime Co., over the past two years, the company has partnered with the World Bird Sanctuary for a nest box (bird house) study, to determine which bird species were living on company property at its Ste. Genevieve, Mo., plant. and which species were successfully breeding. 

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April New Home Sales Inch Downward

Sales of newly built, single-family homes edged down 1.5 percent in April to a seasonally adjusted annual rate of 662,000 units after a downwardly revised March report, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

Read more: April New Home Sales Inch Downward