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Construction materials prices inch down in Nov

Deck: 

Prices are still above last year and still squeezing strapped contractors

The amount contractors pay for a range of key construction materials edged down 0.1% in November but climbed 6.2% from a year earlier, outstripping the increase in contractors’ bid prices for finished buildings, according to an analysis of producer price index figures released by the Associated General Contractors of America (AGC). Officials with the construction association warned that the cost squeeze on contractors, combined with declining public-sector investments in construction, may drive many contractors out of business.

 

Source: 
AGC
Publication Date: 
Mon, 2011-12-19 10:31

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