The Environmental Protection Agency announced the availability of $100 million in grants from the Inflation Reduction Act to support efforts to report and reduce climate pollution linked to the manufacturing of construction materials and products, which account for 11 percent of annual global greenhouse gas emissions.
Monthly jump in input costs is driven by near-record 34.6 percent leap in diesel fuel price index; contractors report major staffing challenges in association’s latest survey of hiring conditions
The price of materials and services used in nonresidential construction increased 1.1 percent from July to August, driven by an extreme jump in diesel fuel costs, according to an analysis by the Associated General Contractors of America released Sept. 14.
Construction firms are getting some needed relief from rising materials costs, but new Buy America rules will pose a big challenge to firms trying to find materials that comply, leading to increased costs
The price of materials and services used in nonresidential construction decreased 0.6 percent from April to May, while an index that measures contractors’ bid prices inched up by 0.1 percent, according to an analysis by the Associated General Contractors of America of government data released June 14.
Construction material prices remain mostly flat in July; Buy America rules remain an ongoing challenge for firms as they try to find materials that comply
The price of materials and services used in nonresidential construction inched up 0.2 percent from June to July, while a government index that measures contractors’ bid prices fell by 1.4 percent, according to an analysis by the Associated General Contractors of America released Aug. 11.
The General Services Administration announced a six-month pilot of new requirements for the procurement of substantially lower embodied-carbon construction materials for 11 GSA projects funded by the Inflation Reduction Act.
Double-digit annual cost increases persist for several materials despite recent price declines for some; association officials say Administration’s approach to Buy America rules is contributing to price inflation
The price of materials and services used in nonresidential construction increased 0.5 percent from March to April, while an index that measures contractors’ bid prices declined 0.3 percent, according to an analysis by AGC.
Diesel fuel, concrete and gypsum products continue to post steep one-month and year-over-year price increases, while prices for lumber and steel mill products tumble compared to year-ago levels
Contractors encountered a wide range of price changes for key construction inputs in January, with steep increases for fuel, concrete and gypsum products offsetting sharp declines in lumber and steel prices, according to an analysis by the Associated General Contractors of America of government data released Feb. 16.
Following President Joe Biden’s State of the Union speech on Feb. 7, the White House Office of Management and Budget released proposed guidance to boost the use of American-made goods in infrastructure projects, including airports, Coast Guard housing, renovations to federal buildings and other structures funded through the Bipartisan Infrastructure Law.
New data shows the construction industry continues to struggle to offset rising prices for materials and subcontractor services, as price decline in latest month fails to offset annual cost increases
The price of materials and services used in nonresidential construction continued rising at a double-digit rate in November from a year earlier, propelled by outsized increases in the cost of a variety of building materials, according to an analysis by the Associated General Contractors of America of government data released Dec. 9. Association officials noted that contractors are having to pay more both for materials and for the subcontractor services they need to finish most projects.
Recent increases drove up prices of diesel fuel, building and paving materials, outweighing decreases in metals and lumber costs, while producers have implemented or announced further price hikes.