PaintSquare.com
      | Connect Follow us on Twitter Like us on Facebook
About | Subscribe | Advertise
  

 

Paint and Coatings Industry News

Main News Page


Construction Material Costs Rising

Thursday, October 29, 2009

Comment | More

Construction costs, which have been relatively low for a year, are beginning to climb at an increasing rate, signaling the end to the “limited time” sale for construction, according to a new analysis released by the U.S. Bureau of Labor Statistics. 
 
The analysis by Ken Simonson, chief economist for the Associated General Contractors of America, found significant increases between August and September 2009 in the prices of copper (10 percent), aluminum (2 percent), and steel (3 percent).  All three products are essential components for the vast majority of construction projects.
 
Since the prices were collected a month ago, copper, aluminum and diesel fuel have moved to multi-month highs, Simonson added.
 
Prices for other major construction materials also rose in September, compared to the prior month, the report noted. The cost of plastic construction products rose 1.2 percent; prestressed concrete products, 1.5 percent; and iron and steel pipe and tube, 1.2 percent.

Some construction materials prices did continue to decline. Gypsum dipped by 1.2 percent and plywood by 0.3 percent.

Nevertheless, Simonson warned: “The days of construction estimates coming in 20 percent under estimate may soon be coming to an end. These figures serve as an important reminder that governments and developers looking for a good deal on construction should act quickly before having to pay significantly more for their projects.”

   

Tagged categories: Construction; Pricing; Raw materials

Comment Join the Conversation:

Sign in to our community to add your comments.

BASF
New resins from BASF will have metals loving water:

Excellent corrosion resistance, low VOC, high gloss, thin films basf.us/industrialcoatings
polyorders@basf.com
800-231-7868


Armorthane
Polyurethane and Polyurea Sprayed-On Protection

Buy POLYURETHANE or POLYUREA coatings and spray equipment for years of proven chemical resistance, water- and weather-proofing, and structural improvements.


CS Unitec
Surface Prep & Material Removal

CS Unitec’s Floor Planers remove coatings & corrosion from concrete & metal surfaces. Produce keyed profiles for waterproofing applications. info@csunitec.com


LS Industries
LS Blasters: Optimum Steel Cleaning Efficiency

Simplify surface prep with the precise shot control of LS Blasters. Our blast technology delivers optimum coverage and finish. 800-533-8008


Safway Services
Suspended Access Made Easy With QuikDeck™

The smart choice for suspended access, QuikDeck’s interchangeable, lightweight components make them easy to set up and reassemble when you need to move.


Axxiom Manufacturing
Revolutionary Units

By integrating Schmidt's Aftercoolers with our blast pots, these systems remove moisture from air and minimize equipment footprint on jobsite.
Call 1-800-231-2085


Polygon
POLYGON - Temporary Humidity Control

We specialize in innovative climate control solutions for industrial painting, utilizing alternative energy sources and combining desiccants with heating or cooling.


Hempel (USA) Inc.
HEMPEL PROTECTIVE COATINGS

Efficient systems and high quality products to reduce your maintenance costs. Visit Hempel Protective for more information.


RPB Respiratory
SAVE TIME AND MONEY!

With 5 tear off lenses and an outer lens in place, RPB Safety’s new Nova 3 Cassette Lens System has been specifically designed to save you time and money.

 
 
 
Technology Publishing

The Technology Publishing Network

The Journal of Protective Coatings & Linings (JPCL) PaintSquare
Durability + Design Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
 

© Copyright 2000-2015, Technology Publishing / PaintSquare, All rights reserved
2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com