June Construction Settles Back One Percent

New construction starts in June receded 1 percent to a seasonally adjusted annual rate of $489.5 billion, according to McGraw Hill Construction, a division of McGraw Hill Financial. Nonresidential building lost momentum in June after strengthening during the previous two months, and housing experienced a pause from its recent upward trend. Meanwhile, nonbuilding construction advanced in June, lifted by the…

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Financing Roads in Illinois

July 30, 2013 – There is an interesting development in road-construction financing in Illinois. According to the Illinois Association of Aggregates Producers, in order to maintain the state’s commitment to infrastructure investment, and support continued private sector economic growth, the Transportation for Illinois Coalition (TFIC) proposed an $800 million annual increase in user fees to be used solely for on-going maintenance of transportation…

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