Construction Input Costs Declined 1.3 Percent From June to July; Contractor Bid Prices Remain on the Rise

Prices of Concrete Products and Some Building Materials Continue to Rise, While Diesel Fuel, Asphalt, Lumber and Some Metals Fall in Month of July

The price of materials and services used in nonresidential construction fell 1.3 percent last month, while contractors’ bid prices rose 5.4 percent, according to an analysis by the Associated General Contractors of America of government data released today. Association officials noted that, despite the monthly decline, materials prices remain high and the availability of certain key materials erratic.

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