April Construction Slips One Percent

New construction starts in April settled back 1 percent to a seasonally adjusted annual rate of $473.0 billion, according to McGraw Hill Construction, a division of McGraw Hill Financial. The public works sector retreated from its elevated pace in March, and housing experienced a slight loss of momentum. Highway and bridge construction in April retreated 25 percent.

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Rental Revenue to Top $38 Billion in 2013

The equipment rental industry in the United States is expected to generate $33.6 billion in revenue in 2013, according to the American Rental Association’s (ARA) latest forecast from the ARA Rental Market Monitor updated in May. This figure represents a 7.3 percent increase over 2012 with revenue growth reaching 7.9 percent in the fourth quarter according to the latest quarterly…

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Minerals Bill Heads to Committee Mark-Up

The House Natural Resources Committee scheduled a markup for Rep. Mark Amodei’s (R-Nev.) National Strategic and Critical Minerals Production Act (H.R. 761) for the morning of May 15, according to the National Stone, Sand and Gravel Association. Aimed at making America less dependent on foreign “critical and strategic” minerals, including aggregates, the bill is identical to the one passed by the…

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Housing Starts Slip in April

A correction from an unsustainably high level of production on the volatile multifamily side was largely responsible for a 16.5 percent dip in nationwide housing starts to a seasonally adjusted annual rate of 853,000 units in April, according to newly released figures from HUD and the U.S. Census Bureau. However, permits for new construction headed solidly higher in the month,…

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