Sources: U.S. Concrete, Inc., Euless, Texas; CP staff
Through Texas subsidiary Redi-Mix LLC, U.S. Concrete has acquired the assets of Custom-Crete—61 volumetric mixers and 11 concrete plants serving Austin, Dallas/Fort Worth, Houston and San Antonio markets—from Oldcastle Architectural Inc. The mid-October transaction marks a rare U.S. asset disposal for Oldcastle parent, CRH Plc.
Sources: Skyonic Corp., Austin, Texas; CP staff
Capping a four-year funding and construction program, Skyonic scheduled an October 21 dedication of a $125 million, commercial-scale carbon capture and utilization facility—the first of its kind in the world—at Capitol Aggregates’ flagship cement mill in San Antonio.
Source: National Association of Home Builders, Washington, D.C.
Nationwide housing starts surpassed one million in September, the third time this year, according to U.S. Department of Housing and Urban Development and Census Bureau figures. Total housing production during the month rose 6.3 percent to a seasonally adjusted annual rate of 1.017 million units.
Sources: National League of Cities, Washington, D.C.; CP staff
Officials are optimistic about the health and direction of local fiscal conditions for the first time since the recession, according to the National League of Cities (NLC), whose 29th annual City Fiscal Conditions report confirms the first positive growth in five years, coupled with members’ resumption of hiring.