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New Construction Starts in April Advance 10 Percent

The value of new construction starts in April increased 10 percent from the previous month to a seasonally adjusted annual rate of $698.7 billion, according to Dodge Data & Analytics. The nonresidential building sector came in particularly strong, lifted by the inclusion of two massive projects as April starts – an $8.1 billion petrochemical plant in Louisiana and a $1.2 billion office/retail high-rise in New York.

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Housing Starts Jump to Highest Level Since 2007

Nationwide housing starts rose 20.2 percent to a seasonally adjusted annual rate of 1.135 million units in April from an upwardly revised March reading, according to newly released data from the U.S. Commerce Department. This is the highest level of housing production since November 2007.

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Guest Editorial: Congress Falls Short on ’16 Transportation Budget Resolution

Just about any driver who has hit a pothole or sat in bumper-to-bumper traffic knows that our nation’s roads, bridges and highways are in bad shape. The American Society of Civil Engineers gives our nation’s roads a D+ grade. There are 10,000 bridges in the U.S. that are so old that they qualify for Medicare and, yet, are still bearing thousands of tons of freight and people every day.

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Highway Program Extension Looming

With only four legislative days left before the May 31 highway program extension deadline, both chambers of Congress May 15 laid the ground work for a two-month extension of the Highway Trust Fund contract authority and expenditure authority, according to the National Stone, Sand and Gravel Association (NSSGA). Sens. Barbara Boxer (D-Calif.), and Tom Carper (D-Del.), proposed legislation, S. 1350, in the Senate.

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