Tag: material prices

June 29, 2023

Strong nonresidential construction activity is maintaining price pressures on concrete, steel and other key materials, said Chris Delaney, commercial manager in the Americas division at construction consultancy firm Linesight. After a brief drop in the second half of 2022, steel […]

February 17, 2023

After December’s numbers posted lower results, Ken Simonson, chief economist at the Associated General Contractors of America, warned that lower costs could be short-lived. “Some prices have already turned higher in January,” Simonson said last month. “Contractors are right to […]

February 10, 2023

Felice Farber describes herself as “a public policy wonk.” A former lawyer and government affairs officer for the General Contractors Association of New York, she said her passion lies at the intersection of construction and public policy. Farber was appointed […]

January 18, 2023

Inflation appears to be impacting construction materials prices more than other sectors of the economy even as it eases. Construction input prices fell in December at a greater rate than the Producer Price Index, but still outpaced the wholesale level […]

July 18, 2022

Impacts from a rise in construction material prices are still being felt despite some recent signs of prices stabilizing, according to new analyses by the Associated General Contractors of America and the Associated Builders and Contractors. According to an analysis […]

October 27, 2021

We’re a little over a year and a half into the COVID-19 pandemic and the construction industry, like many other industries, is maneuvering several obstacles on its road to recovery. I think it’s important that we take time to understand […]

October 18, 2021

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 […]

June 2, 2020

Joe Piro is the vice president of supply chain for Providence, Rhode Island-based Gilbane Building Co., the 10th largest contractor in the U.S., according to ENR’s Top 400 List. Since the coronavirus crisis began, Piro has been tracking supply chain […]

September 5, 2018

An upturn in home-buying and commercial development is a boon for the construction industry, but the pressure to grow can squeeze construction companies grappling with cash flow, expenses and expansion. In April, privately-owned housing starts jumped 12.4%, to an annualized […]

July 10, 2018

Not even a month ago, the Equipment Leasing and Finance Foundation’s Vertical Market Outlook Series – Construction report also said that both residential and commercial construction markets should continue to grow by at least 5% through the end of this […]

May 25, 2018

Today we’ll be looking at what economists Alex Carrick, ConstructConnect; Kermit Baker, American Institute of Architects (AIA); and Ken Simonson, Associated General Contractors of America (AGC) have to say about the outlook for construction in 2018. We’ll also look at […]

January 12, 2018

A too-narrow narrow gap between natural gas and crude oil prices contributed to the decision that South Africa-based chemical and energy company Sasol made to cancel its plans to build a $15 billion gas-to-liquids (GTL) factory in Louisiana next to its $11 […]

April 14, 2017

The rise in construction material prices likely slowed due to depressed confidence in U.S. economic growth for the coming year, according to ABC Chief Economist Anirban Basu. He said in a release that reports suggest the country’s GDP for the […]