Construction materials update

摘要

The Construction Materials sector has had an eventful 2015 marked by major transactions and the sector's first initial public offering in over 15 years. Volumes continue to move up modestly as the housing sector continues its slow, but steady, recovery. Offsetting this good news was the 34th and soon-to-be 35th short-term extension of the federal highway bill. The ongoing series of short-term extensions leaves both the construction sector, states and municipalities in a cloud of uncertainty that has existed since the expiration of SAFETEA-LU in the fall of 2009.