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February Construction Unchanged from Prior Month

McGraw Hill ConstructionAt a seasonally adjusted annual rate of $486.7 billion, new construction starts in February were essentially the same as January’s amount, according to McGraw Hill Construction, a division of McGraw Hill Financial. After the strong finish to last year, the construction start statistics have shown lackluster activity during the first two months of 2014.

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Housing Starts Hold Steady in February

Nationwide housing starts were virtually unchanged in February, inching down 0.2 percent to a seasonally adjusted annual rate of 907,000 units, according to newly released data from the U.S. Department of Housing and Urban Development and U.S. Census Bureau.

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Construction Employment Increases

Construction employment expanded in 195 metro areas, declined in 90 and was stagnant in 54 between January 2013 and January 2014, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Association officials noted, however, that despite the gains construction employment remained below peak levels in all but 21 metro areas.

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Highway Trust Fund Losing Steam Fast

According to the National Stone, Sand and Gravel Association (NSSGA), the U.S. Department of Transportation updated its monthly snapshot projection for when the Highway Trust Fund will have to slow payouts to states for road and bridge projects, and the situation gets worse with each report.  

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ARTBA Program Advocates for Transportation Issues

The American Road & Transportation Builders Association (ARTBA) announced the start-up of the Transportation Investment Advocacy Center (TIAC), a first-of-its kind, dynamic education program and internet-based information resource. The program is aimed at helping private citizens, legislators, organizations and businesses successfully grow transportation infrastructure resources at the state and local levels through the legislative and ballot initiative processes.

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