December 2018

The price of construction materials decreased 1.8 % from October 2018 to November 2018, according to data released by the U.S. Bureau of Labor Statistics.  Materials prices are still 5.3% higher than last year, led by double digit percentage increases in steel, iron, and natural gas.  According to Associated Builders and Contractors, Inc.\’s chief economist, […]

On Monday December 3, 2018, the U.S. Census Bureau released monthly U.S. construction spending statistics for October 2018. Per the newest monthly report, public construction spending as of October 2018 is 0.8% higher than forecasted in September 2018, while private sector spending is 0.4% lower than previously forecasted.  This year, public construction spending is 8.5%