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U.S. Bureau of Labor Statistics Data Analysis Shows an Increase in Construction Input Prices

May 10, 2019 | Comments Off on U.S. Bureau of Labor Statistics Data Analysis Shows an Increase in Construction Input Prices

Associated Builders and Contractor has analyzed U.S. Bureau of Labor Statistics data. According to the analysis construction input prices increased by 0.9% in April on a monthly basis of 2.4% whereas the nonresidential input prices rose 0.9% compared to March. The categories that experienced monthly price increases were crude petroleum (+13.9%), unprocessed energy materials (+3.7%), prepared asphalt products (+2.7%) and concrete products (+1.1%).

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