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A Look at Material Price Movement in 2008

Post Time:Dec 31,2008Classify:Industry NewsView:441

ENR recently ran a report noting the price movement of construction materials, including glass and steel fabricated for buildings, in 2008. The company also predicted that in 2009 its Building Cost Index will post a 0.5-percent drop in 2009, as steel, lumber and cement prices fall, following this past year's 5.3-percent climb.

Construction Material Price Movement in 2008

  Apr May Jun Jul Aug Sep Oct
Flat Glass
Monthly % Change -5.6 2.1 -1.2 1.8 4.9 -3.7 2.4
Annual % Change -2.4 0.2 -1.1 0.2 6.5 2.7 5.7
Fabricated Steel for Buildings
Monthly % Change 4.4 2.7 1.5 2.1 1.4 0.0 -0.7
Annual % Change 12 14.5 15.6 17.9 19.5 19.4 17.9

Source: ENR and Bureau of Labor Statistics

Source: usgnn.comAuthor: shangyi

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