Prices for construction materials continue to rise faster than the overall rate of inflation, reported the Associated General Contractors of America in its updated “Construction Inflation Alert.” However, labor costs will rise only moderately in 2006. The AGC report relies on data from the Bureau of Labor Statistics, as well as information provided by contractors, suppliers and media. It is available for download at the link below.
Materials Costs Rising Faster Than Inflation
May 2, 2006