Construction Spending Dips in January; Rises Year-Over-Year

The U.S. Census Bureau of the Department of Commerce announced that construction spending during January 2015 was estimated at a seasonally adjusted annual rate of $971.4 billion, 1.1 percent (±1.2 percent) below the revised December estimate of $982.0 billion. The January figure is 1.8 percent (±1.6 percent) above the January 2014 estimate of $954.6 billion.

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Aggregates Production Rose 7 Percent in Fourth Quarter

An estimated 540 million metric tons (Mt) of total construction aggregates was produced and shipped for consumption in the United States in the fourth quarter of 2014, an increase of 7 percent compared with that of the same period of 2013. The estimated annual output of construction aggregates produced for consumption in 2014 was 2.17 billion metric tons (Gt), an…

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Bipartisan Group Demands Quick Action on Highway Bill

A majority of both Republicans and Democrats have signed a letter initiated by Reps. Reid Ribble, R-Wisc., Dan Lipinski, D-Ill., and Tom Reed, R-N.Y, to Speaker John Boehner, R-Ohio, and Minority Leader Nancy Pelosi, D-Calif., urging quick action to develop a long-term sustainable revenue source for maintaining the nation’s roads, highways and bridges. The letter, signed by 285 House members,…

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January Construction Climbs 9 Percent

The value of new construction starts climbed 9 percent in January to a seasonally adjusted annual rate of $621.0 billion, according to Dodge Data & Analytics. The increase for total construction was the result of an especially strong performance by the nonbuilding construction sector, which benefitted from the start of a massive liquefied natural gas terminal facility in Texas.

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