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Construction Material Costs Down Sharply In December, But AGC Survey Shows Contractors Wary

Arlington, VA - Plunging prices for diesel fuel, lumber, and steel cooled inflation for materials and services used in construction in December, but relief may be short-lived, according to an analysis by the Associated General Contractors of America of newly released government data. Association officials noted that contractors listed material costs as one of their top concerns in a survey the association released this month.

“While most construction products are made in the U.S., very few meet the bill’s extremely strict interpretation of American made,” said Stephen E. Sandherr, the association’s chief executive officer. “Limiting the supply of materials available and issuing vague guidance for state and local officials to follow will only make it harder and costlier to complete needed infrastructure upgrades.”

View producer price index data. View the AGC/Sage Outlook Survey.

About The Associated General Contractors Of America

The Associated General Contractors of America (AGC) is a leading association for the construction industry. AGC represents more than 26,000 firms, including over 6,500 of America’s leading general contractors, and over 9,000 specialty-contracting firms. More than 10,500 service providers and suppliers are also associated with AGC, all through a nationwide network of chapters. To learn more, visit www.agc.org.

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