Construction Material Prices Rise

As posted recently by the National Roofing Contractors Association (NRCA), Associated Builders and Contractors (ABC) analysis of information provided by the Bureau of Labor Statistics shows construction material prices rose 0.8% from April to May. However, on a year-over-year basis, the price of construction materials decreased 6.8%.

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The Effects of Coronavirus on the Construction Industry – Reposted from NRCA as of March 12, 2020

(According to Trent Cotney, NRCA General Counsel.) With no end currently in sight to the extensive outbreak in China of the novel coronavirus (now officially named COVID-19) and the rapid spread of the virus throughout other parts of the world, the U.S. construction industry is already experiencing effects and should brace itself for more to come.

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