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


Cemex seeks public hearing postponement for Florida limestone quarry

Cemex has asked for a postponement three weeks before a controversial mining expansion at its Brooksville, Hernando County, Florida site was set to go before county commissioners at a public hearing More

Egypt taxes stone exports and bans raw minerals

Egypt is to levy export fees on marble, granite and sands and ban the export of some mineral More

Advertise Here