Articles Tagged with ''material costs''

Construction profit margins are amongst the lowest, and tightest, of all industries. Time, supply costs, and unexpected delays are all risk factors that play a role in this reality.

Prefab construction is here, and it’s happening. The combination of a severe labor shortage and extreme shortfalls in housing supply is driving a renewed interest in prefabricated construction as a more cost-efficient alternative to traditional building.

After a year marked by numerous price spikes, construction costs declined in December but remained elevated compared to year-earlier prices

New labor department figures demonstrate how new tariffs have increased the costs of key construction materials, with metal materials experiencing double-digit percent increases.

Association officials said that the new data indicates many firms are already being squeezed by higher materials prices that they are unable to pass along to their customers.