#Construction Materials

Developer Breaks Ground on AC Water Park

On January 12, Philadelphia developer Bart Blatstein, Atlantic City Mayor Marty Small Sr. and assorted dignitaries, broke ground on a $100 million indoor water park at the former Showboat Casino, now the Showboat Hotel. The 103,000-square-foot park—to be built along New Jersey Avenue on a vacant lot adjacent to the...
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New Home Construction Rebounds BUT… Challenges Ahead

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Will we see a big increase of housing inventory from NEW homes and new home construction in 2022? Will homebuyers continue to be willing to pay for record high home prices for new homes? In today’s housing market update, I share the latest US home construction stats to give us a glimpse into the future of the US housing markets so we can make some calculated housing market predictions. Comment below with your housing market forecast! ➜➜➜ Get Connected To a GREAT Real Estate Agent in Your Area (ad): <a href=""></a> Compilation of Housing Market Forecast videos: <a href=""></a> ➜➜➜ SUBSCRIBE TO MY YOUTUBE CHANNEL ➜➜➜ <a href=""></a> *** Jason Walter, CPA (lic 103885) Sacramento real estate agent and native Realty ONE Group Complete (DRE 01923240)
Providence Business News

6-story, 178-unit apartment building proposed in Upper South Providence

PROVIDENCE – AR Building Co. is planning to construct a six-story apartment building with 178 dwelling units and 217 parking spaces in Upper South Providence, according to plans submitted to a city board. The City Plan Commission is expected to deliberate during its meeting set for Tuesday at 4:45...
Paducah Sun

Construction forecast optimistic for 2022

The general forecast for construction projects nationwide in 2022 is that there will be a higher demand for construction projects despite ongoing supply problems and labor challenges. That information was released through a recent Zoom news conference by Associated General Contractors of America and Sage Construction and Real Estate. Associated...

Pitcairn Co. Sells 875 Shares of Summit Materials, Inc. (NYSE:SUM)

Pitcairn Co. trimmed its stake in Summit Materials, Inc. (NYSE:SUM) by 6.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,815 shares of the construction company’s stock after selling 875 shares during the quarter. Pitcairn Co.’s holdings in Summit Materials were worth $377,000 at the end of the most recent reporting period.

Why construction materials supplier ADBRI is in news today?

ADBRI Limited, an Australia-based construction materials and industrial mineral manufacturing company, has made an important announcement related to its subsidiary, Cockburn Cement Limited. It announced that its subsidiary has reached agreement with Alcoa of Australia on an extension for the supply of quicklime until 31 January 2023.

Top 10 Best mirror mastic Reviews

PL 520 Mirror Mastic 10 fl. oz. Tube ( Pack of 12 ) Two High Strength Formulas Ultra/Bond Compresses for Tight Tolerances Such as Overlays. Extra/Build Provides Build Out for Large Mirrored Walls. Available in 10.1 Fluid Ounce Cartridges or Gallon Cans Gunther Application Guidelines Available Here. $8.99. Bestseller No....

Medford City council to consider amendment to "Rogue X" project

Medford, Ore. — The Medford City Council will consider an amendment to the construction of the Rogue Credit Union Community Complex, or "Rogue X," at the next city council meeting. If approved, the amendment will cap the project at $66.7 million dollars (excluding owner-carried expenses) down from $75.8 million due to a rise in construction materials.

[Newsmaker] Under pressure, HDC chief likely to offer apology over Gwangju accident

In June, HDC Group Chairman Chung Mong-kyu apologizes over the accident when cement walls broke down at HDC’s demolition site for a redevelopment project causing 17 casualties in Gwangju. (Yonhap)Amid pressure building over a series of safety accidents at Hyundai Development Co.’s large-scale construction sites in Gwangju, the builder’s chief is likely to make a public address this week, according to insiders Sunday.
Denver Post

Hilltop home featuring sport court hits market for $3M

Calling all pickleball lovers. A Hilltop home with a court that can be used for the increasingly popular game, as well as others like volleyball and basketball, was listed for $3.35 million this month. The 6,982-square-foot residence at 145 Forest St., down the block from Robinson Park, features six bedrooms...

Supply Chain in Construction: An Important Partnership

Curious about the importance of supply chain management in the construction industry?. Construction firms are struggling with various supply chain challenges. Supply chain disruption is one of the biggest reasons behind construction project delays. Beyond ensuring the timely delivery of projects, what makes the supply chain in construction vital? Read...

Knights of Columbus Asset Advisors LLC Acquires 412 Shares of Summit Materials, Inc. (NYSE:SUM)

Knights of Columbus Asset Advisors LLC lifted its holdings in Summit Materials, Inc. (NYSE:SUM) by 0.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 157,530 shares of the construction company’s stock after buying an additional 412 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Summit Materials were worth $5,036,000 at the end of the most recent quarter.

Construction input prices increase in December, ABC says

WASHINGTON — Construction input prices rose 0.6% in December compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices also rose 0.6% for the month. Input prices for all three energy...

Summit Materials (NYSE:SUM) PT Raised to $40.00

SUM has been the topic of a number of other research reports. Royal Bank of Canada lifted their price target on Summit Materials from $37.00 to $40.00 and gave the company a “sector perform” rating in a report on Friday, November 5th. Wolfe Research began coverage on Summit Materials in a research note on Wednesday, October 27th. They issued an “outperform” rating and a $45.00 target price on the stock. Zacks Investment Research upgraded Summit Materials from a “strong sell” rating to a “hold” rating in a research note on Saturday, October 16th. Citigroup boosted their target price on Summit Materials from $40.00 to $41.00 and gave the company a “buy” rating in a research note on Tuesday, October 26th. Finally, Morgan Stanley boosted their target price on Summit Materials from $36.00 to $45.00 and gave the company an “equal weight” rating in a research note on Thursday, December 9th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $38.64.

Southport Independent Lifeboat move into new Lifeboat Station

The Trustee Directors of the Southport Offshore Rescue Trust are pleased to announce that we have begun the process of relocating to our new lifeboat station. The new facility, which has been paid for entirely by public donations, is the new home for the independent charity which operates the Southport Lifeboat.

Shimao Group Holdings Limited (OTCMKTS:SIOPF) Sees Significant Growth in Short Interest

Shimao Group Holdings Limited (OTCMKTS:SIOPF) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 7,680,800 shares, an increase of 47.1% from the December 15th total of 5,221,800 shares. Based on an average daily trading volume, of 6,600 shares, the days-to-cover ratio is currently 1,163.8 days.