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


Warm mix asphalt is third of US production

The latest NAPA/FHWA survey of asphalt producers’ use of recycled materials and warm-mix asphalt finds that nearly a third of all asphalt produced during the 2013 construction season was produced using warm mix asphalt technologies. More

Three Chinese cement makers fined $19m

China’s National Development and Reform Commission has instructed the Jilin Province Price Bureau to impose fines totaling $19m on three cement companies for unlawful price fixing under the Anti-Monopoly Law. More

Advertise Here