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Aggregates Production Strong in Second Quarter

An estimated 646 metric tons (Mt) of total construction aggregates was produced and shipped for consumption in the United States in the second quarter of 2016, an increase of 6 percent compared with that of the second quarter of 2015, according to statistics from the U.S. Geological Survey (USGS).

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Housing Starts Climb Higher in July

Nationwide housing starts rose 2.1 percent in July to a seasonally adjusted annual rate of 1.21 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. This is the highest reading since February. Multifamily housing was up 5 percent to a seasonally adjusted annual rate of 441,000 units in July while single-family production edged up 0.5 percent to 770,000 units.

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Economists Predict Construction Industry Growth

Associated Builders and Contractors (ABC) Chief Economist Anirban Basu, American Institute of Architects (AIA) Chief Economist Kermit Baker and National Association of Home Builders (NAHB) Chief Economist Robert Dietz predicted continued growth for the construction industry in 2017 during a joint economic forecast.

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House Majority Leader Meets With Aggregates Companies

CalPortland recently organized a face-to-face lunch meeting with House Majority Leader Kevin McCarthy (R-Calif.). It was a chance for CalPortland staff and leaders, as well as representatives from National Stone, Sand and Gravel Association (NSSGA) member companies, the National Ready-Mix Concrete Association, Portland Cement Association and the American Concrete Pavement Association to talk about the value of the aggregates industry with McCarthy while he was in his home district during the congressional recess.

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Martin Marietta Elects New Board Members

Martin Marietta Materials Inc. announced that a new independent director has been elected to its board of directors. John J. (Jack) Koraleski, former chairman of the board of directors and CEO of Union Pacific Corp., was elected to Martin Marietta's board of directors on Aug. 15, 2016.

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