The cost of goods used in construction jumped in April at the fastest year-over-year rate since 2011, with ongoing increases for a wide range of building materials, including many that are subject to proposed tariffs that could drive prices still higher and cause scarcities, according to an analysis by the Associated General Contractors of America of Labor Department data. Association…
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Construction Material Prices Rise for First Time in Nine Months
Construction input prices rose on a monthly basis in March for the first time in nine months according to an analysis of the Bureau of Labor Statistics (BLS) Producer Price Index released by Associated Builders and Contractors (ABC). Input prices expanded 0.9 percent on a monthly basis in March but are still down 3.4 percent on a year-over-year basis.
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