Construction Costs Rise At Fastest Rate Since January 2023 In November, Outpacing Increases In Contractors’ Bid Prices For New Buildings

The producer price index for materials and services used in nonresidential construction rose 0.4 percent in November and 3.6 percent over 12 months—the largest year-over-year increase since January 2023, according to an analysis by the Associated General Contractors of America of government data released today. Association officials said their latest...