CONTRACTORS’ COST SQUEEZE INTENSIFIES AS PRICES FOR NEW BUILDINGS STAGNATE WHILE CONSTRUCTION MATERIAL PRICES ESCALATE FURTHER IN FEBRUARY

March 16, 2011 – (RealEstateRama) — Financial pressures on contractors grew worse in February as prices for key construction materials rose sharply even as prices construction firms charge for completed projects remained stagnant, according to an analysis of producer price index figures released today by the Associated General Contractors of America (AGC). Association officials said the price squeeze will make it harder for the construction industry to recover and urged federal officials to act on a series of recovery measures the group outlined yesterday


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Located in the Metropolitan Washington, DC area, The Associated General Contractors of America (AGC) is the leading association for the construction industry. Operating in partnership with its nationwide network of Chapters, AGC provides a full range of services satisfying the needs and concerns of its members, thereby improving the quality of construction and protecting the public interest.

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Associated General Contractors of America
2300 Wilson Blvd., Suite 400
Arlington, VA 22201

Phone:(703) 548-3118 - Local
      (800) 242-1767 - Publications

Fax: (703) 548-3119

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