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January Construction Spending Climbs Higher

The U.S. Census Bureau of the Department of Commerce announced that construction spending during January 2016 was estimated at a seasonally adjusted annual rate of $1,140.8 billion, 1.5 percent (±1.0 percent) above the revised December estimate of $1,123.5 billion. The January figure is 10.4 percent (±1.6 percent) above the January 2015 estimate of $1,033.3 billion.

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Housing Starts Fall in January

Nationwide housing starts dropped 3.8 percent to a seasonally adjusted annual rate of 1.099 million units in January, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Overall permit issuance edged down 0.2 percent.

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Presque Isle Quarry Receives Environmental Awards

Lafarge North America, a LafargeHolcim company, announced that its Presque Isle Quarry in Michigan received two awards from the Wildlife Habitat Council (WHC) for its environmental and conservation efforts during the past year, including the 2015 Upland Management Award as well as a recertification of programs with WHC.

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Summit Materials to Acquire Boxley

Summit Materials anticipates a mid-March closing on key aggregate, concrete and asphalt-production assets of Roanoke, Va.-based Boxley Materials Co., a 124-year-old operator serving Virginia and West Virginia. A definitive agreement on the deal was announced less than two weeks after Summit closed on its recently reported deal for Wilmington, N.C.-based American Materials Co., with five sand and gravel operations in North and South Carolina.

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