The latest numbers from the Bureau of Labor Statistics uncovered a 4.8% ascent in construction material costs between February 2016 and February 2017. Ken Simonson, boss financial specialist for the Associated General Contractors of America, said this "sharp U-turn" came after decays of 3.5% in 2015 and 2.7% in 2016.
About a month back, the National Association of Home Builders revealed that softwood stumble costs were starting to ascend because of the question between the U.S. furthermore, Canada and that the Random Lengths Framing Lumber Composite Index was at $391 on Feb. 10, up from $366 on Feb. 3, which was the greatest single-week increment since August 2003. To add to the vulnerability, some U.S. producers guarantee that Canada is undermining their costs, while, simultaneously, the U.S. government is attempting to diminish Canada's piece of the pie from 28% to 22%.
Published By
Arka Roy
www.constructioncost.co
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