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Housing Starts Fall Back in November

After surging more than 27 percent and reaching the fastest pace in nine years during October, housing starts in November fell back, according to the Commerce Department. Housing starts plummeted by 18.7 percent to an annual rate of 1.090 million from the revised October estimate of 1.340 million. Economists had expected housing starts to dip to a rate of 1.230 million from the 1.323 million originally reported for the previous month.

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WIIN Act Allots Funds for Water Infrastructure Projects

The Water Infrastructure Improvements Act for the Nation (WIIN) Act, formerly known as the Water Resources Development Act or WRDA, cleared the U.S. Senate by a vote of 78 to 21 after passing the U.S. House of Representatives last week. The bipartisan bill now heads to President Obama’s desk for his signature.

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Aggregates Production Dips in Third Quarter; Higher for Year

An estimated 687 million metric tons (Mt) of total construction aggregates was produced and shipped for consumption in the United States in the third quarter of 2016, a slight decrease compared with that of the third quarter of 2015. The estimated production for consumption in the first nine months of 2016 was 1.78 billion metric tons (Gt), an increase of 5 percent compared with that of the same period of 2015, according to Jason Willett, crushed stone commodity specialist for the U.S. Geological Survey (USGS).

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Construction Spending Ticks Upward

The U.S. Census Bureau of the Department of Commerce announced that construction spending during October 2016 was estimated at a seasonally adjusted annual rate of $1,172.6 billion, 0.5 percent (±1.5 percent) above the revised September estimate of $1,166.5 billion. The October figure is 3.4 percent (±1.8 percent) above the October 2015 estimate of $1,134.4 billion.

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LaHood, Rendell Affirm Need for Long-Term Infrastructure Plan

Former Transportation Secretary and Rep. Ray LaHood (R-Ill.) and former Gov. Ed Rendell (D-Pa.), wrote a letter staking out the position of the organization Building America's Future with regard to future transportation funding. The letter was sent to President-elect Donald Trump.

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