Gap between soaring material costs and stagnant building prices increases

Contractors’ financial position grew more precarious in March as prices for key materials escalated while prices construction firms charge for completed projects stayed flat, according to an analysis of producer price index figures released today by the Associated General Contractors of America. Association officials said contractors’ inability to pass costs along imperils the industry’s comeback and urged federal officials to act on a series of recovery measures the group outlined last month, according to an April 14 AGC of America release.

Read full article