Construction Materials Prices Surge 2.6% in May, Up Nearly 10% Year Over Year
Construction input prices increased 2.6% 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 2.4% for the month. Overall construction materials prices are 9.6% higher than one year ago, while nonresidential construction…
