Price increases—some to record-setting levels—and long delivery delays are causing hardships for construction firms that are also experiencing challenges in completing projects with crews limited by illness or new work site procedures resulting from the pandemic, according to an analysis by the Associated General Contractors of America of government data. Association officials urged the Biden administration to review and rescind a range of trade tariffs in place, including for Canadian lumber, that are contributing to the price increases. “The extreme price increases, as reflected in today’s producer price index report and other sources, are harming contractors on existing projects … Read more
Association Officials Call for Tariff Removal on Key Materials to Provide Immediate Relief for Hard-Hit Contractors
Filed under: Economic NewsTagged with: AGC, Associated General Contractors of America, Construction Materials, tariffs