Construction Material Cost Increases Plague Contractors in May

Contractors suffered from a new round of price increases for key materials in May but were largely unable to pass their costs along to customers, according to an analysis of producer price index figures released Tuesday by AGC. Association officials said the ongoing cost squeeze—a result of sluggish demand for construction—threatens to drive more construction employees and firms out of work unless public officials lower barriers to public and private investment. Read the press release here. The news was covered by the Las Vegas Review Journal, Central New York Business Journal, National Real Estate Investor, Construction Demolition & Recycling, New Orleans City Business, and For Construction Pros. For more information, contact Ken Simonson at simonsonk@agc.org.