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Home » Construction Bid Prices Jump In October Amid Mixed Costs For Materials As Contractors Cope With Supply-Chain, Labor Availability Challenges
Economics

Construction Bid Prices Jump In October Amid Mixed Costs For Materials As Contractors Cope With Supply-Chain, Labor Availability Challenges

November 15, 2022Updated:December 19, 2023No Comments1 Min Read
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Economic Release: Producer Price Index Data
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A measure of construction contractors’ bid prices moved sharply higher in October as firms coped with ongoing supply-chain challenges and a tight labor market, according to an analysis by the Associated General Contractors of America of government data released today. Association officials said rising construction costs threatens to undermine demand for projects and urged...

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