Construction Materials Prices Rise Slightly Nationwide in January
The cost of construction materials is showing signs of accelerating after moderation in January, according to an analysis of producer price index figures and recent market information recently released by the Associated General Contractors of America. Ongoing price increases underscore the urgency of funding public construction projects promptly, association officials said.
“Cost increases have slowed in recent months but haven’t disappeared,” said Ken Simonson, the association’s chief economist. “In fact, today’s producer price index report may be the low point, as manufacturers and commodities markets are signaling that bigger increases may be just around the bend.”