August Cement Totals Jump
Data recently released by the United States Geological Service shows 132,340 tons of cement were shipped to the state during the month of August 2021. Cement shipments grew 19.54% over the same period in 2020 and by 10.4% over May’s totals.
Looking to ready mix volumes, we estimate 490,005 cubic yards of concrete were placed during the month. The yardage was approximately 100,000 cubic yards greater than July 2020. The total is the second best volume month in 2021.
Reviewing residential construction data, builder sentiment for the South in November was 87. This is a 3 point increase over October data, but more importantly the highest total since December 2020. The AIA Billing Index for September stands at 56.6. Anything above 50 is considered growing.