Construction input prices increased 0.8% in April compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today.
The construction industry is in the midst of a period of exceptionally steep and fast-rising costs for a variety of materials, compounded by supply-chain disruptions and difficulty finding enough workers, which could threaten the financial health of many contractors.
The construction industry is in the midst of a period of exceptionally steep and fast-rising costs for a variety of materials, compounded by supply-chain disruptions and difficulty finding enough workers, which could threaten the financial health of many contractors.
Construction input prices increased 2.6% in February compared to the previous month, according to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data released today.