Construction Costs End 2016 on a High Note
- Published: Wednesday, 28 December 2016 14:41
- Written by Rock Products News
Construction costs rose for the second straight month, according to IHS Markit and the Procurement Executives Group (PEG). The headline current IHS PEG Engineering and Construction Cost Index (ECCI) registered 53.3, up from 50.7 in November, continuing the recovery after a 22-month slump in prices. Strength was evident in both labor and material markets.