CONSTRUCTION MATERIALS PRICES INCH UP IN APRIL, WHILE CONTRACTORS’ PRICES FOR NEW NONRESIDENTIAL BUILDINGS RISE MODERATELY

WASHINGTON, D.C. – May 14, 2012 – (RealEstateRama) — The cost of construction materials took a breather in April, while contractors showed slightly greater ability to roll past price increases into their bids, according to an analysis of producer price index figures released today by the Associated General Contractors of America. Association officials noted that despite the temporary reprieve from materials price hikes, market conditions for construction remain difficult.