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Housing Starts Slip in April

A correction from an unsustainably high level of production on the volatile multifamily side was largely responsible for a 16.5 percent dip in nationwide housing starts to a seasonally adjusted annual rate of 853,000 units in April, according to newly released figures from HUD and the U.S. Census Bureau. However, permits for new construction headed solidly higher in the month, with a particularly strong gain in multifamily issuance.

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Vulcan, Martin Marietta Look Forward

Vulcan Materials and Martin Marietta Materials, in their respective quarterly reports, looked ahead to the rest of the year.

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Dodge Momentum Index Grows in April

The Dodge Momentum Index rose 5.2 percent in April from the previous month, according to McGraw Hill Construction, a division of McGraw Hill Financial. The Momentum Index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.

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MSHA, U.S. Lime Reach Settlement in Mine Death

The U.S. Department of Labor’s Mine Safety and Health Administration announced that it has reached a settlement of $211,002 with U.S. Lime Co. in the May 2010 death of a maintenance manager at St. Clair Mine in Marble City, Okla. The settlement involves 39 citations and orders issued in the wake of the accident and during subsequent mine inspections.

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Ontario Budget Delivers Infrastructure Investment

The Association of Municipalities of Ontario (AMO) welcomed the Ontario budget’s proposed investments in infrastructure, such as roads, bridges and public transit.

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