Construction Materials Prices Increased in June, Up 20% From a Year Ago
WASHINGTON, D.C — Roofing contractors are keenly aware of the price hikes caused by supply issues and inflation, and the latest analysis from the Associated Builders and Contractors (ABC) verifies this pain point.
Construction input prices increased 1.9% in June compared to the previous month, according to an ABC analysis of recent U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices increased 1.8% for the month.