Concrete Products

DEC 2018

Concrete Products covers the issues that attract producers of ready mixed and manufactured concrete focusing on equipment and material technology, market development and management topics.

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www.concreteproducts.com December 2018 • 47 A new report based on surveys of 2,000-plus architects, engineers, contractors, owners, consultants and real estate investors from 86 countries indicates significant international market growth for green construction projects in the last 10 years and demand for such building activity continuing to climb. Dodge Data & Analytics' World Green Building Trends 2018 SmartMarket Report finds that green building principles will factor into more than 60 percent of survey participant projects by 2021. "We've seen the shift toward more efficient, sustainable buildings," says Chris Nelson, president, Commercial HVAC for Carrier Corp., the premier sponsor of research behind the SmartMarket study. "Green buildings [deliver] measurable benefits for owners, occupants and the public from reduced operating costs, improved indoor air quality and reduced energy consumption. The trends uncovered in this report reflect what we're seeing in our business—building green is good for the public health, environment, and bottom line." "Enthusiasm for green building is clear in all major markets measured, and that is driven by the business benefits they receive, which have stayed consistent since 2012," adds Dodge Industry Insights Research Director Donna Laquidara-Carr, Ph.D., LEED AP. "These benefits include eight percent operating cost savings in the first year and increased asset values of seven percent for new green buildings." The SmartMarket Report aims to analyze the level of green activity; impact of green building practices on business operations; plus, triggers most likely to spur further green market growth and challenges that may impede it. Among the latter, Dodge researchers find the perception that green building methods cost more than traditional construction has declined from over three quarters of 2012 survey respondents to under half this year. Dodge Data & Analytics undertook World Green Building Trends 2018 SmartMarket Report research in partnership with Carrier and support from the American Institute of Architects, Autodesk, U.S. Green Building Council and World Green Building Council. FEATURE MARKET OUTLOOK GREEN BUILDING'S GLOBAL ESCALATION Report is posted at www.construction.com. Against this year's volume, Dodge Construction Outlook predicts 2019 multifam- ily housing activity will slide 6 percent in dollars and 8 percent in units. "Despite these short-term disruptions, we remain on track to once again deliver record revenues and EBITDA for the full year, and we are well-positioned to con- tinue our growth trajectory in 2019," Nye affirms. "We believe the ongoing construction cycle will continue to promote sustainable and steady growth for the foresee- able future, fueled by strong underlying demand and the long-awaited arrival of increased public-sector activity." U.S. Concrete, Inc. also reported record results for the third quarter, including a consolidated revenue increase of 14 percent to $404.3 million. "While the September 2018 weather presented a major obstacle for the quar- ter, we continue to be excited about the opportunities available to us for growth and margin expansion," says William J. Sandbrook, chairman, president and chief executive officer of U.S. Concrete. "We are well-posi - tioned to benefit from our increased vertical integration and aggregates exposure and the steady multi-year cycli- cal recovery that we believe has substantial remaining runway in our vibrant markets." Vulcan Materials Co. Chairman and CEO Tom Hill states, "Our execution in the third quarter overcame weather challenges in key markets and delivered strong incremental earnings. We are focused on finishing 2018 strong and carrying that momentum forward." "Looking ahead to 2019, our business is positioned for continued shipment growth, compounding pricing improvements, and further gains in unit profitability in 2019," Hill says. "Vulcan-served markets are benefitting disproportionally from both growing public construction demand and continued growth in private demand, led by residential demand growth in our markets. We expect our aggregates shipment and price momentum to continue in 2019 leading to mid-single-digit growth in both."

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