Fitch: U.S. Construction Activity Picks Up in 2Q15

CHICAGO--(BUSINESS WIRE)-- Link to Fitch Ratings' Report: U.S. Building Materials Volume and Pricing Trends - Second Quarter 2015https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=870335

As noted in Fitch Ratings' new report , 'US. Building Materials Volume and Pricing Trends: Second-Quarter 2015', construction activity was strong during second-quarter 2015 (2Q15), advancing 11.6% despite significant rainfall in certain parts of the U.S. Overall U.S. construction spending increased 9.3% to $583.2 billion during the first seven months of 2015, driven by solid growth in private construction spending and improving activity from public construction.

Shipments from aggregates producers and cement manufacturers were impacted negatively by significant rainfall during the quarter. Nevertheless, underlying demand for these products remained solid and higher pricing was realized during the quarter.

Industry wallboard and architectural coatings shipments increased moderately during the quarter. Roofing industry shipments bounced back significantly during 2Q15 after a large drop during the first-quarter.

The full report, 'U.S. Building Materials Volume and Pricing Trends: Second-Quarter 2015' is available at 'www.fitchratings.com' or by clicking on the above link.

Additional information is available at 'www.fitchratings.com'.

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150901006361/en/

Fitch Ratings
Robert G. Rulla, CPA
Director
+1-312-606-2311
Fitch Ratings, Inc.
70 W. Madison St.
Chicago, IL 60602
or
Robert P. Curran
Managing Director
+1-212-908-0515
or
Media Relations:
Sandro Scenga, New York, +1 212-908-0278
Email: [email protected]

Source: Fitch Ratings

You May Also Be Interested In

• Transocean Ltd. Announces Agreement with Equinor Valued at Over $1 Billion
• The Edward Angel Scholarship for Veterans Announces Veterans Scholarship Program in Shreveport, LA
• InBloom Jewelry Marks One Year of FACETED Seminar Series, Celebrating Craft, Conversation, and the Art of Fine Jewelry in Downtown Frederick