Pit & Quarry, December 2013
see an opportunity as the potential for further acquisitions for our organization We feel that the buying cycle is ripe but the challenge is trying to agree on what that number or what that price might look like So were optimistic BONEY Im based in Florida where the residential fall was steep Now were starting to see the curve going back the other way and one of the large indicators that we track would be population growth In Florida population last year is back to 800 to 900 a day net moving back into the state Thats significant Now the aggregate inventory that is out there has to be absorbed In Fort Myers and Southwest Florida some would say there was at least four to five years of inventory in this market that needed to be absorbed going back to 2008 The inventories ROUNDTABLE CONFERENCE are now one to maybe two years and were seeing new home construction In the southeast corridor there have been large infrastructure projects Miami Broward Dade that area Weve participated in and benefited from that As you move north youre seeing growth in the double digits Residentially there is sustainable growth in Florida for the years to come GOETHEL From a Mid South perspective were seeing highs and lows in different areas and we operate in seven states Certain areas of the country are benefiting from highway projects Others are benefiting from residential and commercial upticks Housing inventories have depleted in certain areas so were seeing some elevated residential and commercial I cant really say that we see one area that has a combination of highway funding project work combined with that residential and commercial So echoing what everyone else has said we are also cautiously optimistic CONSTANTINO Can the American public be sold on a gas tax increase Will Congress consider the idea or do you believe politicians will seek another way of funding infrastructure Are tolls the answer Do you believe the federal government is prepared to revisit a long term funding bill or are those days gone Will the states need to shoulder more of the burden POPPE Can the American public be sold on it Perhaps Boney Poppe www pitandquarry com December 2013 PIT QUARRY 21
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