Pit & Quarry, October 2015

INDUSTRY SNAPSHOT FIRST OF MONTH OPENING SEPT AUG Cemex CX 752 843 CRH Oldcastle CRH 2848 2972 Eagle Materials EXP 7981 7724 Granite Const GVA 3391 3401 Martin Marietta MLM 16375 15663 Summit Materials SUM 2290 2508 U S Concrete USCR 5050 4222 U S Lime Minerals USLM 4852 5456 Vulcan Materials VMC 9120 9107 Source Yahoo Finance P Q AGGREGATES INDUSTRY INDEX NOV 12 DEC JAN 13 FEB MAR APR MAY JUN JUL AUG SEPT OCT NOV DEC JAN 14 FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN 15 October 308 FEB MAR APR MAY JUN JUL AUG SEPT OCT 350 300 250 200 150 Source Pit Quarry The P Q Aggregates Industry Index is at 308 for the second straight month but its up 20 points overall since last October Highway funds expected to last into next summer The U S Department of Transportation DOT updated its Highway Trust Fund ticker to report that the federal government is unlikely to run out of money for infrastructure projects until June 2016 Congress passed an 8 billion Highway Trust Fund extension in July DOT now says those funds should cover payments to states for transportation projects until the third quarter of the 2016 fiscal year according to The Hill The extension had originally been expected to provide infrastructure funding until December 2015 Transportation officials now think the money can be stretched through the winter season as construction slows down DOT reports that many of the programs funded by the Highway Trust Fund are only authorized through Oct 29 Congress still has to pass an extension of the federal policy that authorizes transportation spending by that date Congress passed an 8 billion Highway Trust Fund extension in July The policy authorization expiration date and the Highway Trust Funds projected forcing lawmakers to approve the 8 billion speculates that the remaining funds may prompt lawmakers to pass another temporary instead of passing a multiyear transportation have sought for years Monthly Construction Contract Value Seasonally Adjusted Annual Rates in Millions expiration date coincided in July measure for infrastructure The Hill extension of federal highway funding bill which transportation advocates July 2015 June 2015 Change Nonresidential Building 194046 191095 2 Residential Building 288462 277359 4 Nonbuilding Construction 146872 161023 9 Total Construction 629380 629477 0 Source Dodge Data Analytics Above U S Concrete had a great month increasing 196 percent to 5050 Martin Marietta continues to climb jumping another 45 percent Eagle Materials increased 257 while Vulcan Materials had a 13 cent uptick Below Nonbuilding construction performed far better through seven months than it did in 2014 ISTOCK COM KOZMOAT98 Year to Date Construction Contract Value Unadjusted Totals in Millions 7 mo 2015 7 mo 2014 Change Nonresidential Building 122107 122890 1 Residential Building 155814 131059 19 Nonbuilding Construction 119075 78880 51 Total Construction 396996 332829 19 Source Dodge Data Analytics 10 PIT QUARRY October 2015 www pitandquarry com