Prices of Construction Materials On the Rise

Construction companies are digging deeper into their pockets when purchasing materials and supplies. There have been fractional increases these past few months, which has gotten the attention of Chief Economist Anirban Basu of the Associated Builders and Contractors. Prices may continue to rise—albeit modestly—through the rest of 2014. Materials including softwood lumber, crude petroleum, and concrete products have all increased. The good news is some items have decreased in price. Read the full post for a breakdown.