editorial

February Construction Starts Jump 16 Percent

At a seasonally adjusted annual rate of $724.3 billion, new construction starts in February advanced 16 percent compared to the previous month, according to Dodge Data & Analytics. Much of the lift came from three massive projects valued each in excess of $1 billion that were included as February construction starts.

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Impact of Low Oil Prices

The falling cost of oil will not just impact consumers at the pump, but will lead to an impact on construction in the United States, according to Portland Cement Association Chief Economist and Group Vice President Edward J. Sullivan.

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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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Construction Spending Ends Month, Year on High Note

The U.S. Census Bureau of the Department of Commerce reported that construction spending during December 2014 was estimated at a seasonally adjusted annual rate of $982.1 billion, 0.4 percent (±1.3 percent) above the revised November estimate of $978.6 billion. The December figure is 2.2 percent (±1.6 percent) above the December 2013 estimate of $961.2 billion.

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