Open side-bar Menu
 The AEC Lens

Archive for May 23rd, 2022

Construction Material Costs – Spikes Everywhere

Monday, May 23rd, 2022

Article source: ConstructConnect

The breakouts in U.S. construction material input costs showed few signs of abating in March.

Table 1 presents year-over-year and latest-three-month percentage-change results for 15 Producer Price Index (PPI) series that bear on the materials cost side of construction projects. March 2022’s year-over-year percentage changes were in double digits in 13 of the 15 series; were +20% or more in 10 of the 15 series; and were +30% or more in 6 of the 15 series.

Beyond the big and not unexpected year-over-year energy-related cost jumps for diesel fuel (+63.8%), gasoline (+61.5%) and asphalt (+36.9%), the next greatest increases were recorded for steel bars, plates, and structural shapes (+45.4%), aluminum mill shapes (+43.7%) and particle board and OSB (+36.8%). The energy-related cost climbs tie to oil and gas supply interruptions and uncertainty created by the military action between Russia and Ukraine.

(more…)

Construction Material Costs – Spikes Everywhere

Monday, May 23rd, 2022

The breakouts in U.S. construction material input costs showed few signs of abating in March.

Table 1 presents year-over-year and latest-three-month percentage-change results for 15 Producer Price Index (PPI) series that bear on the materials cost side of construction projects. March 2022’s year-over-year percentage changes were in double digits in 13 of the 15 series; were +20% or more in 10 of the 15 series; and were +30% or more in 6 of the 15 series.

Beyond the big and not unexpected year-over-year energy-related cost jumps for diesel fuel (+63.8%), gasoline (+61.5%) and asphalt (+36.9%), the next greatest increases were recorded for steel bars, plates, and structural shapes (+45.4%), aluminum mill shapes (+43.7%) and particle board and OSB (+36.8%). The energy-related cost climbs tie to oil and gas supply interruptions and uncertainty created by the military action between Russia and Ukraine.

Over a shortened period, running from December 2021 to March 2022, percentage-change increases were led by diesel fuel (+43.8%), softwood lumber (+41.2%), particle board and OSB (+41.0%), gasoline (+40.3%) and plywood (+31.6%).

(more…)




© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise