Tag: Material Costs

Construction Processes, Procurement

Cost for construction materials ‘decline steeply’ in December

January 23, 2023

Via: Construction Europe

Plunging 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

Construction Material Costs—Spikes Everywhere

May 3, 2022

Via: ConstructConnect

The 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

1,000-Word Chart: Canadian Construction Material Costs

December 3, 2021

Via: ConstructConnect

Due 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

Pricing insanity: Material costs escalate, driving contractor desperation

October 18, 2021

Via: Construction Dive

At 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

PPI Measures of Construction Material Costs Are Still Shouting Warnings

July 21, 2021

Via: ConstructConnect

This 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

Keeping Current with Key Construction Material Costs

June 3, 2021

Via: ENR

Conventional 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 […]