Overall construction materials prices increased 0.4 percent in April and are up 1.5 percent year over year, according to the May 14 Producer Price Index released by the U.S. Department of Labor. Nonresidential construction material prices were up 0.5 percent for the month and are 1.4 percent higher than the same time last year.
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Nonresidential Construction Index Sets Record High
According to FMI, the NRCI has once again inched higher into positive territory with a score of 65.8, a gain of just 0.9 points over last quarter’s results. That’s another record for the NRCI, but that gain might have been higher if the change in material and labor costs was not included as part of the Index score calculations.
Read MoreSullivan Predicts Growth at World of Concrete
January 22, 2014 – On the first day of the World of Concrete 2014 Show in Las Vegas, The Portland Cement Association’s Chief Economist Ed Sullivan forecast 8 percent growth in cement production this year, according to Don Marsh, editor of sister publication Concrete Products, who is reporting live from the show.
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