Nonresidential Construction Materials and Services Costs Accelerate Again in June as Industry Awaits Impact of Announced Tariff Increases

The producer price index for materials and services used in nonresidential construction rose 0.2 percent in June and 2.3 percent from June 2024, the largest 12-month increase since February 2023, according to an analysis by the Associated General Contractors of America of government data released today. Association officials cautioned that tariff increases...