The Prices of Construction Materials Remains Stable

by Admin on January 19th, 2014

According to Associated Builders and Contractors, Inc. the current prices of construction materials remains relatively stable. The Department of Labor released earlier this month that material prices increased by just 0.1 percent in December 2013. Non-residential construction materials prices are only 1% higher than they were one year ago.
 
Chief Economist Anirban Basu said, “These prices are at least partially explained by seasonal factors and do not likely foreshadow aggressive price increases moving forward.”
 
Fortunately, Basu further stated that the world economy is expected to grow this year by 3.6% (up from 3% last year), which will help push the level of demand for construction materials higher.
 
The following materials prices increased in December:
  • Fabricated Structural Metal
  • Natural Gas
  • CrudePetroleum
  • Crude Energy
  • Iron and Steel
  • Plumbing Fixtures
  • Steel Mill Products 

Read the full article here
 
Reference
 
Cooper, Kinsey. "Construction Materials Prices Rise Only 0.1 Percent in December." Associated Builders and Contractors. Associated Builders and Contractors, 15 Jan. 2014. Web. 19 Jan. 2014.



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