Sources: National Precast Concrete Association, Carmel, Ind.; CP staff
Greg Stratis, president of Wilmington, Mass.-based Shea Concrete Products, began a one-year term as chairman on October 1, as NPCA concluded its 51st annual convention in Austin, Texas. Joining him as 2016-17 officers are Chairman-Elect Ashley Smith of Smith-Midland Corp. in Midland, Va., and Secretary/Treasurer Michael Hoffman of Lindsay Precast in Canal Fulton, Ohio.
Sources: Associated Builders & Contractors, Washington, D.C.; CP staff
Nonresidential construction fell for a second consecutive month. An ABC analysis of U.S. Census Bureau data shows seasonally adjusted, annualized spending of $687 billion in August, 1.1 percent and 1.3 percent lower than prior month and August 2015 levels, respectively. Four of the five largest nonresidential subsectors—power, highway and street, commercial and manufacturing—combined to fall 2.2 percent on a monthly basis in August 2016.