Construction Materials And Services Prices Decline 0.6 Percent In May While Bid Prices Edge Up 0.1 Percent As Supply Chain Improves Broadly

The price of materials and services used in nonresidential construction decreased 0.6 percent from April to May, while an index that measures contractors’ bid prices inched up by 0.1 percent, according to an analysis by the Associated General Contractors of America of government data released today. Association officials said contractors are finally...