AGC: Construction Costs Rise in June Despite Declines in Metals, Wood

The prices contractors pay for construction materials and services – chiefly for new nonresidential construction – rose by 1.1% month-on-month (MoM) in June, outpacing the rise in contractors’ bid prices, the Associated General Contractors of America (AGC) reported in its latest analysis of government data.

AGC warned that rising materials prices were adversely impacting a growing number of construction projects that have suddenly become more expensive.

David Schollaert

David Schollaert is a senior analyst for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. Based in CRU’s Pittsburgh office, David can be reached at david@steelmarketupdate.com or 724-720-1008.

David Schollaert

Latest in Steel Markets

Lead Times Mostly Steady on Sheet, Shorten on Plate

CRU: Chinese Car Exports Are Here To Stay, Lessons From Steel

GM’s Higher Earnings Guidance Hinges on Successful Labor Pacts

SDI Posts Narrower Q2 Profit, Says Demand ‘Remains Solid’

Housing Starts Pull Back in June