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Public-Sector Construction Needs Investment; Qualified Workers

Only 23 states and the District of Columbia added construction jobs between September and October while construction employment increased in 35 states between October 2015 and October 2016, according to analysis of Labor Department data released by the Associated General Contractors of America (AGC). Association officials said declining public-sector investments in infrastructure and other public projects were undermining construction employment growth in many parts of the country.

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Housing Starts Jump 25.5 Percent in October

Led by impressive gains in both single-family and multifamily production, nationwide housing starts surged 25.5 percent in October to a seasonally adjusted annual rate of 1.32 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Single-family starts reached their highest level since October 2007 while multifamily production jumped 68.8 percent from the previous month.

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Boral Ltd. Acquires Headwaters Inc.

Boral Ltd. will acquire Headwaters Inc. for $24.25 per share in cash, a deal valued at $2.6 billion, according to the companies.

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October Construction Starts Recede 4 Percent

New construction starts in October decreased 4 percent to a seasonally adjusted annual rate of $678.9 billion, settling back from the elevated amount that was reported in September, according to Dodge Data & Analytics. Nonresidential building retreated from its brisk September pace, which was this sector’s strongest volume so far in 2016. 

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Montana Tech Holds Mining Symposium

A mining and mineral symposium at Montana Tech, Butte, Mont., attracted geologists and mineralogists as presenters and people from as far as Washington, California and Idaho as well as Montana as attendees, according to the Montana Standard.

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