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Construction prices jump for first time in 6 months

September 15, 2023

An extreme jump in diesel fuel costs in August drove the overall increase in materials prices, according to a separate analysis from the Associated General Contractors of America.

Most other commodity prices remained relatively unchanged, according to AGC officials.

“The steep climb in diesel prices since July is a reminder that construction cost worries have not gone away,” said Ken Simonson, AGC chief economist. “An even greater challenge for most contractors is finding enough qualified workers to complete the many projects available to work on.”

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