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Housing Starts Fall in August

Led by a steep 31.7 percent decline in multifamily production, nationwide housing starts fell 14.4 percent to a seasonally adjusted annual rate of 956,000 units in August, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Single-family housing starts dropped 2.4 percent to a seasonally adjusted annual rate of 643,000 units.

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CRH Seeking Lafarge, Holcim Assets

Irish cement maker CRH is exploring a bid for all the assets rivals Lafarge and Holcim must sell to steer their mega-merger past competition watchdogs, two sources familiar with the matter told Reuters.

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House Demands EPA Stop Waters Rule

H.R.5078, the Waters of the United States Regulatory Overreach Protection Act, passed Sept. 9 by a vote of 262 yeas to 152 nays, with more than 30 Democrats supporting the bill. The bill would force the U.S. Environmental Protection Agency and Army Corps of Engineers to withdraw the proposed rule expanding jurisdiction over Waters of the United States, and require consultation with the states. The results of this federal state consultation would be sent back to Congress, which would then decide whether to proceed with a rulemaking.

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NSSGA, NAPA Call for 'Paving the Way to the Future'

The National Stone, Sand and Gravel Association (NSSGA) and National Asphalt Paving Association (NAPA), along with the support of the National Ready Mixed Concrete Association (NRMCA) and Association of Equipment Manufacturers (AEM), joined forces at a Materials Group Fly-In on Capitol Hill.

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Deficient Roadways Costing Los Angeles Area Drivers

Roads and bridges that are deficient, congested or lack desirable safety features cost California motorists a total of $44 billion statewide annually – nearly $2,500 per driver in the Los Angeles urban area – due to higher vehicle operating costs, traffic crashes and congestion-related delays. Increased investment in transportation improvements at the local, state and federal levels could relieve traffic congestion, improve road and bridge conditions, boost safety, and support long-term economic growth in California, according to a new report released by TRIP, a Washington, D.C.-based national transportation organization.

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