New Construction Starts Make Huge Jump

New construction starts in August soared 21 percent to a seasonally adjusted annual rate of $711.2 billion, according to Dodge Data & Analytics, following lackluster activity in July. The August rise for total construction starts featured an especially elevated amount for nonresidential building, which was helped by the start of a $3 billion petrochemical plant in Louisiana, the $1.7 billion…

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Temporary Funding Measure Passes

Congress passed temporary funding to continue road, highway and bridge construction, but once again punted on a multiyear reauthorization that includes a sustainable funding mechanism, according to the National Stone, Sand and Gravel Association.

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