Home > News > Industry News > Materials costs rise but may slip again as office, retail rents and vacancies stay weak

Materials costs rise but may slip again as office, retail rents and vacancies stay weak

Post Time:Apr 13,2010Classify:Industry NewsView:129

Prices for numerous construction materials have risen recently. The national average retail price of on-highway diesel fuel hit a 17-month high of $3.07 per gallon Monday [April 12], up 84 cents (38 percent) from a year ago, the Energy Information Administration reported. The agency “projected annual average retail diesel fuel prices … at $2.95 and $3.12 per gallon in 2010 and 2011, respectively” in its April 6 Short-Term Energy and Summer Fuels Outlook. The New Mexico Department of Transportation announced on Tuesday [April 6]that its liquid asphalt rack-price index for May would be $659, the fourth monthly increase in a row and $116 (21 percent) higher than in May 2009. A N.M.-based contractor on April 5 sent AGC a list of April price increases ranging from 2 percent to 15 percent that it had received from a variety of plastic, copper and brass plumbing suppliers. Purchasing managers at nonmanufacturing firms in March reported price increases for copper fittings and products; diesel fuel; drywall/gypsum board; metal studs; roofing shingles; steel pipe fittings and products but lower prices for construction labor, the Institute for Supply Management said on April 5, according to an April 13 Data DIGest report.

Read full article

Share this article:

Source: http://www.glassmagazine.com/news-item/commercial/materials-costs-rise-may-slip-again-office-retail-rents-and-vacancies-stay-weakAuthor:

Hot News