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August Construction Declines; Highways Move Up

At a seasonally adjusted annual rate of $540.6 billion, new construction starts in August dropped 9 percent, according to McGraw Hill Construction, a division of McGraw Hill Financial. The decline followed July’s elevated volume, the strongest so far in 2014, and brought activity back to the average pace reported during the first seven months of this year.

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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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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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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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