Prices of Construction Materials Continue to Outstrip Bid Prices Over 12 Months
Post date
October 15, 2021
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The prices contractors pay for construction materials far outstripped the prices contractors charge in the 12 months ending in September, despite a recent decline in a few materials prices, while delivery problems intensified, according to an analysis by the Associated General Contractors of America (AGC) of government data. Association officials urged Washington officials to end tariffs on key construction materials and take steps to help unknot snarled supply points.
“Construction materials costs remain out of control despite a decline in some inputs last month,” said Ken Simonson, the association’s chief economist. “Meanwhile, supply bottlenecks continue to worsen.”