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Construction materials

Construction Input Prices Rise 4.6% in May; Softwood Lumber Prices Up 154% From a Year Ago, Says ABC

by Associated Builders and Contractors on June 16, 2021

Construction input prices increased 4.6% in May compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices increased 4.8% for the month. Construction input prices are 24.3% higher than a year ago, while nonresidential construction input…

Topics: Business, Contracting
Construction materials

Construction Materials Prices Continue to Rise in October

by Associated Builders and Contractors on November 9, 2018

Construction prices rose 0.5 percent in October and are 7.9 percent high than at the same time a year ago, according to an analysis of Bureau of Labor Statistics Producer Price Index data conducted by Associated Builders and Contractors. Prices for nonresidential construction inputs also increased 0.5 percent on a month-over-month basis and are up…

Topics: Business, Contracting
Construction materials

Construction Materials Prices Surge Again in May With Largest Monthly Increase in a Decade, Says ABC

by Associated Builder and Contractors on June 13, 2018

Prices for inputs to construction materials expanded 2.2 percent in May and are 8.8 percent higher than at the same time one year ago, according to an Associated Builders and Contractors (ABC) analysis of U.S. Bureau of Labor Statistics data released today. This represents the largest monthly increase in 10 years (since May 2008). Nonresidential…

Topics: Business, Contracting
Construction Costs, Construction materials

Avoiding the Element of Surprise and the Notice of Furnishing Labor or Materials

by Bryan P. Kelley, Elmore Goldsmith on June 5, 2018

Generally, no one benefits from surprises on a construction project.  A particular problem that often catches general contractors by surprise occurs when a lower-tier subcontractor or materials supplier (i.e., one who does not contract with the general contractor but instead has a contract with a subcontractor) suddenly appears claiming that an unpaid contract balance is…

Topics: Business, Contracting
Construction Law, Construction materials

Construction Materials Prices Soar

by GroundBreak News Editor on April 17, 2017

Growth in the construction industry is having a significant impact on key construction materials according the Associated General Contractors (AGC) of America. Double-digit price increases for key construction materials pushed up construction costs in March, while the prices charged by contractors remained moderate, according to a new analysis of federal producer price data by AGC. Leaders…

Topics: Business
Construction materials

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What We’re Reading

  • On the Move: Abigail Kingsmore
    Source: Upstate Business Journal Published on July 1, 2022
  • GSP leaders plan for measured growth, but no space flights anytime soon
    Source: Upstate Business Journal Published on July 1, 2022
  • Picture this: Wastequip’s Iredell County plant leads the roll-out-cart industry
    Source: Business North Carolina Published on July 1, 2022
  • Photos: Southern First Bank opening
    Source: Upstate Business Journal Published on July 1, 2022
  • Point taken: Gary Chesson’s path to success in N.C. real estate
    Source: Business North Carolina Published on July 1, 2022

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