04252017Tue
Last updateMon, 24 Apr 2017 5pm

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Manufacturing & The Economy

AGC: "Buy America" Could Push Materials Cost Up Further

Double-digit price increases for key construction materials pushed up construction costs in March, while the prices charged by contractors remained moderate, according to a new analysis of federal producer price data released today by the Associated General Contractors of America (AGC).

From March 2016 to March 2017, there was a 4.4% rise in the producer price index for goods used in construction. AGC warns that the “Buy America” provision currently being pushed in Washington could add to this increase. 

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