Trendlines Newsletter Statewide Monthly Construction Data-March 2023

Ready Mix Yardage Exceeded 6,000,000 Yards in 2022

Data recently released by the United States Geological Service shows 127,442 tons of cement were shipped to the state during the final month of 2022. Cement shipments grew by 1% over the same period in 2021. The tonnage represents the second lowest
monthly total behind January 2022.

Looking to ready mix volumes, we estimate 471,918 cubic yards of concrete were placed during December and exceeded 6,000,000 yards for the year. Ready mix yardage has grown by 78% since we first begin reporting the data in 2014.

The AIA Billing Index, which is a good barometer for upcoming commercial construction stands at 48 for February 2023. Any number below 50 represents a contracting market. The NAHB housing market index for the South sits at 50 for March 2023. The index hit a
low mark of 39 in November 2022 but has seen a steady growth since that point.