Construction input prices climbed 9.6% year over year in May, driven by rising energy costs and continued increases in steel, copper and other tariff-sensitive materials.
Construction material prices rose nearly 10% from a year ago as higher energy, steel and copper costs added pressure on contractors and project budgets.
The association backs pro-growth policies, seeks project labor agreement repeal and workforce visa reform amid labor shortages, cost pressures and federal contracting changes.
The association backs pro-growth policies, seeks project labor agreement repeal and workforce visa reform amid labor shortages, cost pressures and federal contracting changes.
U.S. construction input prices rose modestly in September—marking five consecutive months of increases—while year-over-year costs remain significantly higher amid uncertainty over the impact of new material tariffs.
U.S. construction input prices rose modestly in September—marking five consecutive months of increases—while year-over-year costs remain significantly higher amid uncertainty over the impact of new material tariffs.
Decorative plaster finishes are rapidly gaining popularity for their aesthetic appeal, installation efficiency, and performance benefits across commercial and high-end residential projects.
Decorative plaster finishes are rapidly gaining popularity for their aesthetic appeal, installation efficiency, and performance benefits across commercial and high-end residential projects.
As inflation, interest rates and global tariffs squeeze the construction industry, contractors must focus on strategic sourcing, cautious expansion, and operational efficiency to remain competitive.
As inflation, interest rates and global tariffs squeeze the construction industry, contractors must focus on strategic sourcing, cautious expansion, and operational efficiency to remain competitive.
Tariffs are not new to the U.S. construction industry, but recent increases could create ripple effects across the economy. Here's how tariffs impact trade with Canada, labor shortages, and the bigger economic picture.