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
August 15, 2023
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.
Association officials caution that higher construction costs could undermine demand for projects, urge Biden Administration to remove tariffs on key materials, continue to untangle supply chains
December 6, 2022
A measure of construction contractors’ bid prices moved sharply higher in October as firms coped with ongoing supply chain challenges and a tight labor market, according to an analysis by the Associated General Contractors of America of government data released Nov. 15. Association officials said rising construction costs threaten to undermine demand for projects and urged administration officials to remove remaining tariffs on construction materials and to boost investments in construction-focused education and training.