Pressures on Contractors Intensify As Materials Prices Jump

Construction firms are facing increasing pressure in December as nearly every material used by contractors rose in price, while bid prices for new buildings remained flat, according to AGC's analysis of December producer price index figures released Thursday. AGC warned that the price squeeze on contractors is likely to intensify in 2011 as global demand for construction materials grows and domestic demand for construction services remains weak. Read the press release here. The news was covered by Connecticut’s Bristol Press, Wisconsin's Daily Reporter and the U.S. Glass News Network.