According to a recent article, the IHS Markit and the Procurement Executives Group said that construction costs rose again in January on strength in labor and materials costs.
“The six-month headline expectations index moved up from 68.9 in December to 70.0 in January, recording another month of increasing prices. The materials/equipment index stayed positive, at 72.6, slightly lower than the 73.3 recorded in December. Subcontractor labor price expectations were 64.1 in January, higher than the 58.7 recorded in December.”
To read the full article, click HERE
