Metal and diesel price increases push construction cost higher
Abstract:
Construction materials costs jumped 2.1% in March from February to 6.5% above a last March. Most of the increase was due to soaring metals diesel prices. The current round of steel price increases hit the price index in March, accompanied by a jump in aluminum prices. Non-ferrous metal prices continue to rise rapidly.
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Construction materials costs jumped 2.1% in March from February to 6.5% above a last March. Most of the increase was due to soaring metals diesel prices. The current round of steel price increases hit the price index in March, accompanied by a jump in aluminum prices. Non-ferrous metal prices continue to rise rapidly.