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Construction Materials on the Rise

usgsSeptember 8, 2011 – Scott F. Sibley, chief, Mineral Commodities Section for USGS, is reporting that in the second quarter of 2011, domestic production for selected construction materials, including cement, construction sand and gravel, and crushed stone, increased significantly compared with the first quarter of 2011, primarily owing to seasonal variations. Production of other construction raw materials, such as iron ore, increased by 11 percent compared with that of the first quarter 2011 and by 14 percent compared with production in the second quarter of 2010.

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New Homes: Not Moving

NAHBSeptember 1, 2011 – They don't build houses like they used to. In more ways than one. Sales of newly built, single-family homes held virtually unchanged in July with a 0.7 percent dip from the previous month to a seasonally adjusted annual rate of 298,000 units, according to newly released data from the U.S. Commerce Department. Regionally, new-home sales recorded declines of 7.4 percent in the South and 5.9 percent in the West, but rose 2.4 percent in the Midwest and actually doubled (100 percent increase) in the Northeast from a record low number in the previous month. We'll take whatever silver lining we can find when it comes to the housing market.

New Roads in Illinois

illinois-road-mapAugust 29, 2011 – I am blogging live from Illinois this week. One of the big news stories here is the decision by the Illinois Toll Highway Authority to raise its prices. Tolls will shoot up an average of 88 percent next year to finance a $12 billion toll-road expansion and renovation plan. Illinois State Toll Highway Authority leaders said the move is crucial to repair existing roads and build some new ambitious projects such as the Elgin-O’Hare Expressway extension to O’Hare International Airport and a western bypass road around the airport. The plan is predicted to create about 120,000 permanent jobs and 13,000 construction jobs. It has received strong support from labor unions and the construction industry. Motorists are not pleased with the hit to their wallets. But I predict they will like the congestion the new roads will alleviate.

Cat is Where it's at

Cat8-25August 24, 2011 – I am blogging live this week from Milwaukee, where Caterpillar is hosting a media event for the mining industry trade press to formally celebrate the approval of its acquisition of Bucyrus earlier this year. Also with me at this event are Steve Fiscor, editor of Coal Age and Engineering and Mining Journal; and Oscar Martinez, editor of Equipo Minero, all sister publications of Rock Products underneath the Mining Media International umbrella.

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Highway Construction Jumps in July

highwayconst200x135August 22, 2011 – There was some good news for highway construction in July. According to McGraw-Hill Construction, a division of The McGraw-Hill Companies, the public works sector in July strengthened 20 percent, in a departure from what has been generally a downward trend during 2011. Highway construction in July jumped 27 percent, boosted by the start of the $575 million Capital Beltway project in northern Virginia.

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