Sources: Congressional Budget Office; CP staff
Impending fuel economy standards for light-duty vehicles have the potential to reduce Highway Trust Fund (HTF) receipts by 21 percent and increase federal transportation programs’ reliance on U.S. Treasury general funds.
Source: National Association of Home Builders, Washington, D.C.
Mirroring the uneven economic recovery, the housing market is expected to move in a slow, gradual upward path in 2012, while encountering its share of speed bumps along the road, according to economists participating in NAHB’s construction forecast webinar on the housing and economic outlook. While the latest monthly housing data have shown signs of a slight softening, NAHB Chief Economist David Crowe said this is more reflective of typical month-to-month volatility in the numbers and unusual seasonal factors than they are an indication of any significant downward trend in the broader housing market.
Sources: Vulcan Materials Co., Birmingham, Ala.; Martin Marietta Materials, Raleigh, N.C.; CP staff
Martin Marietta’s proposed union with Vulcan Materials has hit a roadblock in Delaware Chancery Court, where the latter company challenged measures its would-be suitor took leading to a December 2011 stock exchange offer.
Sources: North Buncombe Association of Concerned Citizens (NBACC), Asheville, N.C.; CP staff
A two-year-old North Carolina Superior Court Division case closed with the plaintiff, Georgia-based Mark Turner, apologizing to the defendants, Aaron Pohl-Zaretsky, and fellow NBACC members, for a libel suit in connection with activities opposing the permitting of a ready mixed plant operating as Blue Ridge Concrete.