Financial pressures on contractors grew worse in February as prices for key construction materials rose sharply even as prices construction firms charge for completed projects remained stagnant, according to an analysis of producer price index figures released Wednesday by AGC.
AGC said the price squeeze will make it harder for the construction industry to recover and urged federal officials to act on a series of recovery measures the group released this week.
Read more here. The news was covered by Crain's Cleveland Business, Columbus Dispatch and Engineering News-Record.
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