Rising Construction Prices & Labor Shortages Tightening Contractor Margins

ABC reports higher construction prices

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The Associated Builders and Contractors released a report last week analyzing the Bureau of Labor Statistics data which indicated that construction materials pricing rose 0.3% between August to September 2016 and is 0.1% higher year-over-year from September 2015. September 2016 is the first month since November 2014 that nonresidential construction input prices have increased on a year-over-year basis.

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