CONSTRUCTION MATERIALS PRICES RISE MODERATELY IN JANUARY BUT SHOW SIGNS OF ACCELERATING; CONTRACTORS URGE PROMPT ENACTMENT OF FUNDING BILLS

WASHINGTON, D.C. – February 16, 2012 – (RealEstateRama) — The cost of construction materials is showing signs of accelerating after moderating in January, according to an analysis of producer price index figures and recent market information released today by the Associated General Contractors of America. Ongoing price increases underscore the urgency of funding public construction projects promptly, association officials said.