News & Opinions
The latest news and insights from Hanley Wood’s outspoken experts and key thought-leaders throughout the residential and commercial design and construction industry.
Associated Builders and Contractors / March 13, 2015
The largest monthly gain in petroleum prices in over three years caused construction materials prices to expand 0.4 percent in February, ending a six-month streak when prices failed to rise, according to the March 13 producer price index release by the Bureau of Labor Statistics. On a year-over-year basis, construction input prices fell 3.9 percent. Nonresidential construction input prices also rose 0.4 percent on a monthly basis and were down 4.9 percent on a yearly basis.
“While conventional wisdom suggests that oil and natural gas prices will eventually rise, the adjustment periodRead More
Associated Builders and Contractors, Inc / July 16, 2014
Overall construction materials prices increased by 0.1 percent in June and are up 1.9 percent year over year, according to the July 16 producer price index release by the U.S. Department of Labor. Nonresidential construction materials prices also expanded 0.1 percent for the month and are 1.4 percent higher than one year ago.
“Prices for inputs to construction industries have now risen in five of the year’s first six months,” said Associated Builders and Contractors Chief Economist Anirban Basu. “This marks a significant departure from the previous year’s remarkable stability.Read More