Rock Products - The Leading Voice of the Aggregate Industries.

Housing Starts Fall; Permits Rise

Nationwide housing starts dropped 11.1 percent to a seasonally adjusted annual rate of 1.036 million units in May from an upwardly revised April reading, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Overall permit issuance rose 11.8 percent to a rate of 1.275 million, the highest level since August 2007.

Read more: Housing Starts Fall; Permits Rise

ARTBA Study: Gas Tax Increase Doesn't Translate at Pump

Increasing the gas tax does not result in a commensurate penny-to-penny increase in the retail price motorists pay at the pump, a study of the market impacts of five state gas tax increases enacted in 2013 found.

Read more: ARTBA Study: Gas Tax Increase Doesn't Translate at Pump