Latest News


Keyword Search

RegionB

North / South America

Construction materials prices on the rise

Apr, 13 2012


Price for construction materials rose in March while prices contractors charged to complete work remained flat.

The Associated General Contractors of America said the increases are putting more financial pressure on the already strained industry.

“Price shocks for a number of key construction materials may have caught contractors by surprise in a period when overall inflation remained very moderate,” said Ken Simonson, the association’s chief economist. “Even though the increases are generally small … contractors have not been able to pass along these new costs, putting firms at risk of insolvency.”

For instance, diesel fuel was up 3.5 percent after rising 3.0 percent in February; wallboard rose 2.2 percent after increasing 5.1 percent in February and 5.9 percent in January.

By Christopher Quinn



SOURCE:   www.ajc.com

Bookmark and Share
Comments
0 Comment(s)
Add Your Comments


Kenya's National Cement Company gets $70m to expand

International Finance Corporation, a member of the World Bank Group, is providing up to $70 million to Kenya's National Cement Company to increase the local supply of cement and promote infrastructure development in Africa More

Poor maintenance led to fatality at Kosmos Cement

Poor maintenance of a lift door led to a fatal accident at Kosmos Cement Co, a surface cement facility, owned and operated by Cemex, located in Louisville, Jefferson County, Kentucky More

Advertise Here