Oil Prices Contribute to March Surge in Construction Materials Prices
Construction input prices increased 2.2% in March 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 2.3% for the month. Overall construction input prices are 4.8% higher than one year ago, while nonresidential construction…
