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Construction association cautions that new Buy America rules will only add to the pain by limiting contractors’ ability to bargain on pricing for federally funded infrastructure and building projects
The price of materials and services used in nonresidential construction jumped 12.6 percent in September from a year earlier despite a dip of 0.2 percent last month, according to an analysis by the Associated General Contractors of America of government data released Oct. 12. Association officials note that the construction industry was suffering the most from inflation, adding that new Buy America rules set to go into effect as soon as next month will only make the situation more dire.
Construction Officials Call for Immediate Removal of Tariffs on Key Construction Materials, Urge Congress and the Administration to Take Steps to Repair “Every Level” of the Supply Chain
The prices contractors pay for construction materials continued to increase in August while many firms report struggles to get those materials delivered on time.
Houston-The Woodlands-Sugar Land and Odessa, Texas Have Worst 12-Month Employment Losses, While Seattle-Bellevue-Everett, Wash. and Sierra Vista-Douglas, Ariz. Lead List of 104 Metros with Job Gains