Construction Materials Prices Rise 0.5 Percent In April While Bid Prices Slip, Reversing Recent Pattern And Squeezing Contractor Profits

The price of materials and services used in nonresidential construction increased 0.5 percent from March to April, while an index that measures contractors’ bid prices declined 0.3 percent, according to an analysis by the Associated General Contractors of America of government data released today. Association officials said the new data indicates contractors...