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Severe Weather Knocks Housing Starts Down

Nationwide housing starts fell 2 percent to a seasonally adjusted annual rate of 1.065 million units in January, according to newly released data from the U.S. Commerce Department. This drop was mainly due to a 22.2 percent decrease in the Midwest.

 

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Housing Markets Continue to Make Modest Gains

Markets in 63 of the approximately 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity in the fourth quarter of 2014, according to the National Association of Home Builders/First American Leading Markets Index (LMI). This represents a year-over-year net gain of 11 markets.

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MDU Construction Materials Business Grows

MDU Resources Group Inc. reported 2014 consolidated GAAP earnings of $297.5 million, or $1.55 per share, compared to $278.2 million, or $1.47 per share, in 2013. Consolidated GAAP earnings in the fourth quarter were $84.1 million, or 43 cents per share, compared to earnings of $91.3 million, or 48 cents per share, in 2013.

 

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