Construction materials prices higher as steel prices climb

Costs for Construction Materials Climb In March – tEDmag

AGC officials warn that rising costs could put additional pressure on project budgets and impact project delays.

Construction materials prices higher as steel prices climb

The producer price index (PPI) report from the Bureau of Labor Statistics (BLS) stated that construction materials prices rose 0.4 percent month-over-month in March on a seasonally adjusted basis. The intermediate demand index of components and materials for construction was up 5.4 percent from its year-earlier level. Overall prices for processed goods for intermediate demand […] The post Construction materials prices higher as steel prices clim…

Higher Energy Prices Increase Residential Construction Costs

Energy input prices increased in March at their fastest pace since June of 2020 as the conflict in Iran shocked critical global supply chains. Building material prices, excluding energy, rose for the eleventh straight month. Price growth for trade services slowed while transportation and warehousing price growth accelerated.   The Producer Price Index for final […]