Prices of Construction Materials Fall 0.3%

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Construction input prices fell 0.3% in June compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics Producer Price Index data. Nonresidential construction input prices declined 0.4% for the month. Overall construction input prices are 1.1% higher than a year ago, while nonresidential construction input prices are 0.7% higher. Prices increased in 2 of 3 energy subcategories last month. Natural gas prices were up 36.3%. The aggregate price of unprocessed energy materials was up 4.7%. Crude petroleum prices were down 0.2% for the month.

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NECA, MCAA, SMACNA and TAUC Sign Strategic Alliance Agreement

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The National Electrical Contractors Association, Mechanical Contractors Association of America, Sheet Metal and Air Conditioning Contractors National Association and Association of Union Constructors officially signed a strategic alliance agreement on July 10. The importance will collaborate on all facets of the construction and maintenance industry. The agreement solidifies a unified front to address industry challenges and leverage collective strengths. It also highlights the value of cohesive efforts in advocating for policies that support the growth and stability of the construction sector at national and regional levels. By working together NECA, MCAA, SMACNA and TAUC aim to develop and promote best practices, enhance safety standards and drive technological advancements across their respective sectors.

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Prices of Construction Materials Fall 0.3%

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Construction input prices fell 0.3% in June compared to the previous month, according to an Associated Builders and Contractors’ analysis of U.S. Bureau of Labor Statistics Producer Price Index data. Nonresidential construction input prices declined 0.4% for the month. Overall construction input prices are 1.1% higher than a year ago, while nonresidential construction input prices are 0.7% higher. Prices increased in 2 of 3 energy subcategories last month. Natural gas prices were up 36.3%. The aggregate price of unprocessed energy materials was up 4.7%. Crude petroleum prices were down 0.2% for the month. “Construction materials prices dipped in June, perhaps … Read more

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Ramtech Receives Top Honors for Modular Police Facility in Texas

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Design-build construction firm Ramtech Building Systems has received a first-place Awards of Distinction trophy at the 41st annual Modular Building Institute 2024 World of Modular Conference and Tradeshow. Over 1,500 attendees gathered at the sold-out conference for networking opportunities and to hear speakers and presenters from across the world. Ramtech received the award in the Relocatable Modular Correctional category for the 4,760-square-foot police station and short-term holding facility built and installed for the city of Clyde, Texas. The facility was designed to replace an aging facility with the criteria that it could be easily relocated in the future if required. … Read more

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New Quarterly Cost Report Charts Construction Trends in North America Cities

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International property and construction consultancy firm Rider Levett Bucknall has released its latest Quarterly Cost Report, providing an eye-opening perspective on the North American construction industry in 14 key markets. The latest RLB quarterly cost report, with data current to mid-Q2 2024, shows that the national average increase in construction costs was 1.12% over the previous quarter. Boston, Chicago, Denver, Honolulu, Los Angeles, Portland, San Francisco and Washington, D.C. experienced increases over the national average this quarter. Denver, Las Vegas, New York, Phoenix and Seattle experienced gains that were less than the national average. Quarterly Cost Report notes During Q2 2024, the U.S. … Read more

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