Simonson Says

April 18, 2022 – Ken Simonson, Associated General Contractors economist, noted that construction input costs outpaced bid prices again in March, according to Bureau of Labor Statistics (BLS) data. The producer price index (PPI) for material and service inputs to new nonresidential construction jumped 2.7% for the month and 21.5% year-over-year (y/y). The PPI for new nonresidential building construction – a measure of the price that…

Read More