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Eagle Materials Reports Second Quarter EPS up 112% on Record Revenues
DALLAS--(BUSINESS WIRE)-- Eagle Materials Inc. (NYSE: EXP) today reported financial results for the second quarter of fiscal 2017 ended September 30, 2016. Notable items for the quarter include (all comparisons, unless otherwise noted, are with the prior year's second quarter):
New Construction Starts in 2017 to Increase 5% to $713 Billion According to Dodge Data & Analytics
Dodge Outlook Report Predicts Moderate Growth for Most Project Types – Single Family Housing, Commercial and Institutional Building, and Public Works, While Multifamily Housing Levels Off and Electric Utilities/Gas Plants Decline
NAHB: Remodeling Market Optimism Strengthens in Third Quarter
The National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) posted a reading of 57 in the third quarter of 2016, an increase of four points from the previous quarter and also a return to levels seen consistently throughout 2015.
AIA: Further contraction in Architecture Billings Index
Washington, DC – October 19, 2016 – For the first time since the summer of 2012, the Architecture Billings Index (ABI) posted consecutive months of a decline in demand for design services. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lead time between architecture billings and construction spending. The American Institute of Architects (AIA) reported the September ABI score was 48.4, down from the mark of 49.7 in the previous month. This score reflects a decrease in design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 59.4, down from a reading of 61.8 the previous month.
CEMCO® Becomes Lifetime Member of AWCI
Los Angeles, CA - CEMCO, the premier manufacturer of cold-formed steel framing and metal-lath products in the Western United States, announced that it has become a Lifetime Member of the Association of the Wall and Ceiling Industry (AWCI).
Canadian Government orders review of drywall tariffs in Western Canada
Move comes after outcry over impact on construction industry in hard-hit Alberta The Liberal government has taken the unusual step of asking the Canadian International Trade Tribunal for a public interest review of recently imposed duties on drywall imported from the U.S. to Western Canada.
NAHB: Builder Confidence Remains Firm in October
WASHINGTON, Oct. 18--Builder confidence in the market for newly constructed single-family homes remained on firm ground in October, down two points to a level of 63 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). "Even with this month's drop, builder confidence stands at its second-highest level in 2016, a sign that the housing recovery continues to make solid progress," said NAHB Chairman Ed Brady, a home builder and developer from Bloomington, Ill. "However, builders in many markets continue to express concerns about shortages of lots and labor."
USG Corporation Named the 2016 Robert W. Campbell Award Recipient
USG Corporation, a leading manufacturer of innovative building products and solutions, has received the prestigious 2016 Robert W. Campbell Award for its outstanding environmental, health and safety programs.
Securock® ExoAir® 430 System Named to BuildingGreen’s Top 10 Green Building Products for 2017
USG Corporation (NYSE: USG) and Tremco Commercial Sealants & Waterproofing (CS&W) today announced the Securock® ExoAir® 430 System — the first integrated gypsum sheathing panel with a factory-applied fluid air-barrier membrane — has been named to BuildingGreen’s Top 10 Green Building Products for 2017
New Lightweight Laminated Drywall Corner Solution from CertainTeed Delivers Perfect Corners in a Smarter Stick
(Malvern, Pa.) – Building professionals now have a superior entry-level alternative to traditional metal and paper-metal drywall corner products. Introducing CertainTeed® Levelline® Outside 90 laminated drywall corner beads. Levelline Outside 90 corners are easier to install, less than half of the weight of traditional beads and have no sharp edges, making them safer to install as well. Unlike other beads, Levelline Outside 90 offers exceptional durability, won’t rust or hold a memory, and promises crisp lines without ridges — all at a competitive cost.