July Construction Starts Slip 2 Percent

At a seasonally adjusted annual rate of $586.3 billion, new construction starts in July fell 2 percent from the previous month, according to Dodge Data & Analytics. A steep drop by electric utilities pulled down the nonbuilding construction sector, which in turn contributed to the slight decline for total construction starts.

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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…

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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…

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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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U.S. Concrete Expands in New York City

Ready mix and aggregates producer U.S. Concrete Inc. announced that it acquired the assets of Jenna Concrete Corp. located in Bronx, N.Y. Jenna has an established and respected market presence in the New York metropolitan area with approximately 25 years of experience serving the Manhattan commercial and residential high-rise market.

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