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


Tanzania to double cement output

Tanzania expects to double its cement production in the next few years as new factories come on-stream to satisfy growing demand from the construction sector, a senior government official said on Tuesday. More

Superior Silica Sands and Di-Corp Partner in frac sand transloading

Superior Silica Sands and Di-Corp will start serving a new frac sand terminal near Rocky Mountain House, Alta, located southwest of Edmonton, in early 2015 to meet rising demand for frac sand in the Western Canadian Sedimentary Basin. More

Advertise Here