Material Prices Soar 20% in 2021, Most Contractors in Association Survey List Costs as Top Concern in 2022, Reports AGC

Prices of construction materials jumped nearly 20% in 2021 despite moderating in December, according to an analysis by the Associated General Contractors of America of government data. Association officials said contractors rate materials costs as a top concern for 2022, according to a survey predicting the industry’s outlook for the industry the association just released. “Costs may not rise as steeply in 2022 as they did last year but they are likely to remain volatile, with unpredictable prices and delivery dates for key materials,” said Ken Simonson, the association’s chief economist. “That volatility can be as hard to cope with … Read more

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