Materials Prices Still Rising

Aug. 31, 2021 – According to Ken Simonson, Associated General Contractors’ chief economist, materials prices continue to rise for a variety of inputs. Vulcan Materials Co. notified customers it “will implement 2022 price increases at or near 11% across our markets, with less flexibility than you may have been accustomed to in the past.” On Aug. 13, USG notified customers it would increase prices effective…

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Total Construction Starts Slip in June

Higher Materials Prices Take A Toll, Highways Down. By Mark S. Kuhar Total construction starts lost 7% in June, slipping to a seasonally adjusted annual rate of $863.6 billion, according to Dodge Data & Analytics. All three major sectors (residential, nonresidential building, and nonbuilding) pulled back during the month. Single-family housing starts are feeling the detrimental effects of rising materials…

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Housing, Economy to Continue Upward Path

A growing economy, pent-up demand, competitive mortgage rates and affordable home prices will keep housing on an upward trajectory through 2015. However, several obstacles including tight consumer credit, shortages of lots and labor and rising materials prices are hindering a more robust recovery, according to economists who participated in the National Association of Home Builders (NAHB) 2014 Spring Construction Forecast…

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