Contractor input costs continue to diverge |
Contractors’ input costs diverged widely in January, as one-month or year-over-year (y/y) increases in fuel, paving materials, gypsum, and paint costs outweighed lower prices for lumber and steel, according to Bureau of Labor Statistics (BLS) data posted on Thursday. The producer price index (PPI) for material and service inputs to new nonresidential construction rose 0.9%, the largest monthly gain since May 2022... |
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