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Construction materials price index flat in September

Post Time:Nov 01,2011Classify:Industry NewsView:530

The Bureau of Labor Statistics reported that the Producer Price Index for construction materials held steady in September after dropping 0.6 percent in August, according to an Oct. 28 report from 

 

Energy prices continue to be a major driver of construction costs, according to Reed's analysis. The pricing environment will remain weak for materials suppliers for the next six to twelve months, and little change in the price index is expected, with a few monthly price declines possible. Contractors should expect a two-or-more-quarter window with their materials cost rising the same or less than overall inflation, according to the article.

 

Source: Reed Construction DataAuthor: shangyi

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