Construction Input Costs Jump 1.1 Percent From May To June, Adding To Pressure On Contractors Despite Recent Decline In Some Materials Prices

The price of materials and services used in nonresidential construction jumped 1.1 percent last month, outpacing the rise in contractors’ bid prices, according to an analysis by the Associated General Contractors of America of government data released today. Association officials warned that rising materials prices were having an adverse impact on a...