Rock Products

MAR 2013

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

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Page 72 of 99

Nonbuilding Construction Nonbuilding construction in January re��� ceded 1 percent to $145.8 billion (an��� nual rate). The electric utility category in January fell 45 percent after its sharp rebound in December. Although Janu��� ary did not receive the same boost from large projects that took place in December, there were several note��� worthy electric utility projects in��� cluded as January. The public works portion of nonbuilding construction showed generally stronger activity in January. Highway and bridge construction climbed 14 percent, lifted in particular by a $1.4 billion tunnel project in Nor��� folk, Va., and the $235 million upper deck replacement of the Verrazano���Nar��� rows Bridge in New York. Murray noted, ���Highway and bridge construction during 2013 may be able to withstand much of the downward pull from fiscal restraint, since several very large projects are on track to reach groundbreaking this year. In ad��� dition, the Highway Trust Fund still re��� ceives much of its support from gasoline tax revenues, as opposed to the general fund, which makes it less vulnerable to the automatic spending cuts scheduled to take place as part of the sequestration process.��� The miscellaneous public work cate��� gory (which includes site work, rail projects, and pipelines), also had a strong January, rising 53 percent with the help of a $240 million railroad hub project in New Mexico. Other January gains were shown by river/harbor development, up 17 per��� cent; and sewers, up 10 percent, while water supply construction dropped 9 percent. The 11 percent increase for total con��� struction starts on an unadjusted basis, for January 2013 relative to January 2012, was due to this performance by major sector ��� nonresidential building, down 1 percent; residential building, up 27 percent; and nonbuilding construc��� tion, up 8 percent. By region, total con��� struction for January 2013 relative to January 2012 revealed increased activ��� ity in the South Atlantic, up 36 percent; the Northeast, up 30 percent; and the South Central, up 24 percent. Decreased activity in January on a year��� over���year basis was reported for the Midwest, down 4 percent; and the West, down 16 percent. Additional per��� spective can be obtained by looking at 12���month moving totals, in this case the 12 months ending January 2013 versus the 12 months ending January 2012, which lessens the volatility present in one���month comparisons. E Simply Reliable Always Has Been, Always Will Be Fine Material Screw Washers Sand Classifying Tanks Coarse Material Screw Washers Log Washers Portable Plants Road Based Mixers SEE US AT BOOTH 24 47! A McLanahan Company 129 East Holcomb Avenue, Des Moines, IA 50313 USA +1 (515) 243 1123 | ROCKproducts ��� MARCH 2013 71

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