Rise in Cost of Key Construction Materials Squeezes Industry

AGC of America’s chief economist Ken Simonson reports on rising material costs and how they are going to affect contractors. Commodity prices have been on the rise for some time now, due in large part to increased demand and fear of a potential materials shortage in the near future. Simonson addresses the significant jump in materials costs over the past 12 months, while noting that contractors are still forced to charge the same price for finished projects. This only adds to the squeeze on the market that is grappling with a staggering 17.3% unemployment rate. To learn more about Simonson’s forecast and to read the complete article, click here.