AGC: Construction Costs Escalate in February

The Associated General Contractors of America warn that tariffs on aluminum and steel will drive construction costs up. The February report from AGC follows:

Construction costs escalated in February, driven by price increases for a wide range of building materials including steel and aluminum, according to an analysis by the Associated General Contractors of America of Labor Department data released today. Association officials warned that newly imposed tariffs on those metals will create steeper increases that will squeeze budgets for infrastructure, school districts and commercial projects.