OREANDA-NEWS. Revenue growth for U.S. building materials companies during the fourth quarter of 2014 was generally driven by higher volume comparisons, according to Fitch Ratings in its latest quarterly report for building materials volume and pricing trends.

Cement and aggregates producers reported strong growth during fourth-quarter 2014, reflecting increased shipments and higher pricing during the period. Industry wallboard volume was modestly higher and pricing improved year-over-year. Coatings manufacturers also reported higher shipments, although pricing remained relatively stable during the quarter. Roofing shipments and prices fell during fourth-quarter 2014 as demand remained relatively weak.

Overall U.S. construction spending grew 5.6% during 2014, driven by a 6.6% increase in private construction expenditures. Public construction edged up 1.6% last year, although the growth accelerated at the end of the year, advancing 4.6% during fourth-quarter 2014. Fitch expects further improvement in 2015, with overall construction spending forecast to advance 7.2% this year.