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Housing Production Falls 1.6 Percent in November

Following an upwardly revised rate last month, housing starts in November slipped 1.6 percent to a seasonally adjusted annual rate of 1.028 million units, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Three-month moving averages for total and single-family production were at their highest levels since the Great Recession.

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November Construction Jumps 13 Percent

At a seasonally adjusted annual rate of $677.8 billion, new construction starts in November climbed 13 percent from the previous month, according to Dodge Data & Analytics (formerly McGraw Hill Construction). Nonresidential building had a particularly strong month, lifted by the start of several unusually large projects, including two massive manufacturing plants and an airport terminal redevelopment. The nonbuilding construction sector also contributed to the latest month’s surge, boosted by a liquefied natural gas facility.

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Polaris Minerals Renamed Polaris Materials

Polaris Minerals Corp. will change its name to Polaris Materials Corp. The change of name was approved by shareholders at the company's 2014 Annual General Meeting when 99.3 percent of the votes cast were in favor of the proposed change of name. The company will continue to have the same TSX stock symbol of 'PLS' and will adopt a new logo.

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Virginia Transportation Investment Pays-Off Big, New Study Finds

Highway and bridge construction investment by local governments and the Virginia Department of Transportation (VDOT) is a key part of the Virginia economy, supporting $4.6 billion in state economic output, $2.4 billion in Gross State Product (GSP) and 36,390 jobs, a new study finds.

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Luck Stone Receives Special Achievement in GIS Award

luckstone-150Luck Stone was presented with the 2014 “Special Achievement in GIS” (SAG) Award at the Environmental Systems Research Institute (ESRI) User Conference in San Diego, for the successful implementation of ArcGIS Online for Organizations, which includes a mobile Geographic Information System (GIS) App (for Androids and iOS platforms). The “Special Achievement in GIS” award acknowledges leadership, vision, hard work, and the innovative use of ESRI’s GIS Technology.

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