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February Construction Spending Dips Slightly

The U.S. Census Bureau of the Department of Commerce announced that construction spending during February 2016 was estimated at a seasonally adjusted annual rate of $1,144.0 billion, 0.5 percent (±1.6 percent) below the revised January estimate of $1,150.1 billion. The February figure is 10.3 percent (±2.1 percent) above the February 2015 estimate of $1,037.5 billion.

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Housing Starts Rise in February

Nationwide housing starts rose 5.2 percent to a seasonally adjusted annual rate of 1.178 million units in February, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Single-family production increased 7.2 percent to 822,000 units – its highest level since November 2007 – while multifamily starts remained virtually unchanged, inching up 0.8 percent to 356,000 units.

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Dufferin Aggregates, Rogers Group Receive Awards

The National Stone, Sand & Gravel Association (NSSGA) recognized two operations with Platinum Awards of Excellence during its 2016 Annual Convention and AGG1 Academy & Expo. These awards are the highest recognition that a single quarry can receive for community outreach and sustainable practices.

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Nonmetallic Mineral Products Index Decreases

The nonmetallic mineral products industry leading index decreased 1.2 percent to 244.7 in February from a revised 247.7 in January, and its six-month smoothed growth rate declined to -0.6 percent from a revised 2.3 percent in January.

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