AGC: 'Construction Material Costs Remain Out of Control'

The prices contractors pay for construction materials rose further in September despite a recent decline in a few materials’ prices. The costs still far surpass the prices contractors charged in the 12-months ending in September, reports the Associated General Contractors of America (AGC) in its latest analysis of government data.

“Construction materials costs remain out of control despite a decline in some inputs last month,” said Ken Simonson, the association’s chief economist. “Meanwhile, supply bottlenecks continue to worsen.”

David Schollaert

David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

David Schollaert

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