Construction Materials Up Over 6% Since January
A new report from the Association of Builders & Contractors shows prices have increased 6.2 percent from January to April. Construction materials costs jumped sharply in April, adding another pressure point for builders, developers, and public infrastructure projects. According to Associated Builders and Contractors’ analysis of federal Producer Price Index data, overall construction input prices rose 1.7% from March to April and are now up 6.2% since January, with nonresidential construction inputs rising even faster…