May 19, 2023
Via: Construction DiveAcross the country, high material costs combined with mounting financing issues are adding to the time it takes to get projects across the finish line. For example, Irvine, California-based Shopoff Realty Investments paused construction in March on its $550 million […]
Construction Processes, Procurement
January 23, 2023
Via: Construction EuropePlunging prices for diesel fuel, lumber, and steel slowed inflation for materials and services used in construction in December in the US, but relief may be short-lived, according to an analysis by the Associated General Contractors of America of government […]
Construction Processes, Procurement
May 3, 2022
Via: ConstructConnectThe breakouts in U.S. construction material input costs showed few signs of abating in March. Table 1 presents year-over-year, and latest-three-month percentage-change results for 15 Producer Price Index series that bear on the materials cost side of construction projects. March […]
Construction Processes, Procurement
December 3, 2021
Via: ConstructConnectDue to its complexity, much of the subject matter concerning the economy requires detailed editorial commentary, often supported by relevant tables and graphs. At the same time, though, there are many topics (e.g., relating to demographics, housing starts, etc.) that […]
Construction Processes, Procurement
October 18, 2021
Via: Construction DiveAt conventions, on Zoom calls and in casual conversation, it’s the only thing contractors talk about anymore. Everyone wants to know how everyone else is dealing with the rapid escalation of material prices, a crisis that revved up last spring […]
Construction Processes, Procurement
July 21, 2021
Via: ConstructConnectThis article focuses on the latest U.S. building material cost increases as laid out in the Producer Price Index data set compiled and published by the Bureau of Labor Statistics. The PPI series measures prices for goods as they leave […]
Construction Processes, News, Procurement
June 3, 2021
Via: ENRConventional wisdom says that construction material prices increase slightly year-over-year. The thinking goes that, as long as supply chains aren’t interrupted, material prices will roughly match the rise of cost-of-living and inflation rates. This mindset is appealing, because it creates […]
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