Rock Products

FEB 2019

Rock Products is the aggregates industry's leading source for market analysis and technology solutions, delivering critical content focusing on aggregates-processing equipment; operational efficiencies; management best practices; comprehensive market

Issue link: https://rock.epubxp.com/i/1077150

Contents of this Issue

Navigation

Page 21 of 113

18 • ROCK products • February 2019 www.rockproducts.com IN THE KNOW The decline in December was due to a 7.6 percent drop in the commercial component of the Momentum Index, while the institutional component fell 0.7 percent. For the full year, the Momentum Index gained 4.3 percent from the end of 2017, with the institutional component increasing 8.5 percent over the year and the commercial component moving 1.6 percent higher. While the overall Momentum Index registered a gain for the full year, this was realized in the first half of 2018. During the final six months of the year, the Momentum Index fell 4.4 per- cent, with the commercial component losing 7.2 percent and the institutional component remaining essentially flat. This suggests that spending for com- mercial buildings may be reaching its cyclical peak, while spending for institutional buildings continues to be supported by the stabilizing influence of public funding for projects such as schools and transportation terminals. In December, seven projects each with a value of $100 million or more entered planning. The two leading institutional projects were a $140 million science and engineering building at Northeast- ern University in Boston and the $120 million Trophy Park Sports Complex in Jackson, N.J. The two leading commercial projects were a $160 million addition and ren- ovation project at the Two Penn Plaza office complex in New York and the $125 million Bellevue Cadillac office towers in Bellevue, Wash. In 2017, McLanahan Corp. began a partnership with Anaconda Equipment of Northern Ireland to distribute and sell Anaconda's line of mobile track equipment. As the relationship pro- gressed, it became clear that their FAST FACT The decline in December was due to a 7.6 percent drop in the commercial com- ponent of the Momentum Index, while the insƟtuƟonal component fell 0.7 percent. McLanahan Acquires Anaconda Equipment

Articles in this issue

Links on this page

Archives of this issue

view archives of Rock Products - FEB 2019