Peak Pricing? June’s PPI Shows Signs of Relief for Construction Materials
Post date
July 25, 2022
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Joe Bousquin, Construction Dive
There may be a sliver of good news for contractors as supply chain woes, material price escalations and long lead times for key construction components have begun to improve.
Jay Pendergrass, director of supply chain management and equipment at top 11 contractor Gilbane, issued some upbeat notes in his latest Market Conditions Report looking ahead to the second half of 2022.
“We have seen measures of supplier performance, delivery times, backlogs and shortages are showing some improvement,” Pendergrass wrote in a report issued July 6, highlighting a softening of commodity prices, including for copper, steel and lumber.