Producer Prices for Construction Materials and Services Soar 26 Percent Over 12 Months as Contractors Cope With Supply Hitches, Weak Demand
By Subcontractors USA News Provider Unprecedented price increases for a wide range of goods and services used in construction pushed up contractors’ costs by a devastating 26.3 percent from June 2020 to June 2021, according to an analysis by the Associated General Contractors of America of government data released recently. Association officials cautioned that rising…