Construction contractors continue to be squeezed by rising prices for key construction materials and flat prices for what they can charge for finished projects, according to an analysis of October Producer Price Index figures released Tuesday by the Associated General Contractors of America.
Prices for materials used in construction jumped by 0.6 percent in October and 4.8 percent over the past 12 months, while the price index for finished buildings remained flat.
Read the press release here.
The news was covered by the Chester, PA Daily Local News, Modern Distribution Management, Roads & Bridges, Pit & Quarry, and For Construction Pros.
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