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Housing Starts Reach Post-Recession High; Permits Soften

Total housing starts rose 5 percent in May to a seasonally adjusted annual rate of 1.35 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. This is the highest housing starts report since July 2007.

Read more: Housing Starts Reach Post-Recession High; Permits Soften

TRIP Report Bad News for Ohio's Roads and Bridges

Roads and bridges that are deteriorated, congested or lack some desirable safety features cost Ohio motorists a total of $12 billion statewide annually – as much a $2,180 per driver in some urban areas – due to higher vehicle operating costs, traffic crashes and congestion-related delays.

Read more: TRIP Report Bad News for Ohio's Roads and Bridges

May Construction Starts Climb; Highways Plummet

At a seasonally adjusted annual rate of $783.6 billion, new construction starts in May advanced 15 percent from April, according to Dodge Data & Analytics. The increase follows a 12 percent decline in April, and shows total construction activity reaching the highest level reported over the past eight months. 

Read more: May Construction Starts Climb; Highways Plummet

Tariffs to Hurt Aggregates Equipment Manufacturers

Machinery used by aggregates operations is on a list of Chinese imports that will be subject to a 25 percent duty beginning July 6, according to the National Stone, Sand and Gravel Association (NSSGA). The United States Trade Representative (USTR) announced a list of Harmonized Tariff Schedule (HTS) codes that classified hundreds of goods subject to the increased tariff.

Read more: Tariffs to Hurt Aggregates Equipment Manufacturers

Bill Would Fund Infrastructure in Nation’s Poorest Communities

U.S. Representatives Mike Kelly (R-Pa.), William Lacy Clay Jr. (D-Mo.), and Ted Budd (R-N.C.) announced the introduction of the Generating American Income and Infrastructure Act (GAIIN) Act (H.R. 6104).

Read more: Bill Would Fund Infrastructure in Nation’s Poorest Communities