Tariffs Push Construction Materials Prices Higher in November

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Construction input prices increased 0.6% in November compared to the previous month, according to an Associated Builders and Contractors’ analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data. Overall construction input prices are 3.4% higher than one year ago, while nonresidential construction input prices are 3.8% higher. Prices increased in 2 of 3 energy categories last month. Natural gas and unprocessed energy materials prices were up 10.8% and 1.4%, respectively, while crude petroleum prices were down 1.1% in November. “Construction input prices surged in November and are now up 3.4% on a year-over-year basis,” said ABC Chief Economist … Read more

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Construction Material Prices Increase Steadily in June, Says ABC

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WASHINGTON, D.C. – According to a recent Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics data, construction material prices rose another .8 percent in June and are 9.6 percent higher than they were at the same time one year ago. June represents the latest month associated with rapidly rising construction input prices. Nonresidential construction materials prices effectively mirrored overall construction prices by rising .9 percent on a month-over-month basis and 9.8 percent on a year-over-year basis. “In general, this emerging state of affairs is unfavorable,” said ABC Chief Economist Anirban Basu. “Rapidly rising materials prices interfere with … Read more

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