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Housing Starts Fall 10.6 Percent As Uncertainty Continues

Nationwide housing starts fell 10.6 percent in April to a seasonally adjusted annual rate of 523,000 units as concerns regarding competition from foreclosures, a lack of consumer confidence in the housing market and the inability to secure production credit caused builders to slow production, according to newly released figures from the U.S. Commerce Department.

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Alta Equipment Co. Now DoppstadtUS Dealer

DoppstadtUS introduced its first new dealer of 2011. Alta Equipment Co. has joined its growing network of dealer partners and will represent the Doppstadt brand throughout Michigan.

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April Construction Unchanged From Prior Month

New construction starts in April were reported at a seasonally adjusted annual rate of $400.2 billion, basically the same amount as March, according to McGraw-Hill Construction, a division of The McGraw-Hill Companies. Nonresidential building slipped back after its elevated March pace, while nonbuilding construction (public works and electric utilities) continued to retreat. In contrast, residential building in April registered a moderate gain, helped by upward movement for multifamily housing. During the first four months of 2011, total construction on an unadjusted basis came in at $122.1 billion, down 9 percent from the same period of 2010.

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Report Finds Many U.S. Cities Forced To Retrench On Infrastructure Projects

America’s infrastructure investments – levels of which have long trailed behind those of Asia and Europe – will be further stifled this year by pressures to cut federal spending and reduce the deficit, compelling cities to be evermore creative and resourceful in securing partnerships to start or continue infrastructure projects, according to Infrastructure 2011: A Strategic Priority. The report, released by the Urban Land Institute and Ernst & Young, emphasizes the challenge faced by many urban areas trying to provide adequate transportation and other infrastructure services for their residents, workers and businesses.

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Cat MineStar System Now Features Expanded Capabilities

Caterpillar rolled out updates to its MineStar System, building on existing Cat mining technologies and adding new capabilities to create a comprehensive mine-operations and equipment-management system. The system is configurable and scalable to enable mine managers to define the size and scope that best serve the needs of the mine.

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