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
Corrosion Coatings for Protection and Repair

Buy POLYURETHANE or POLYUREA coatings and spray surfaces 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


Commercial Sandblasting & Painting Ltd.
Reliable Service & Superior Workmanship

We’re ready to meet any of your protective coating and lining needs. We can work on your site or in our facilities, with large shops (60,000 sq ft), 40 acres of yard space, and cranes and forklifts on site.


Corrosion Probe, Inc.
From Detection to Correction

Corrosion Probe, Inc. has the Most Concrete Coatings Experience and Expertise. Contact us today at
860-767-4402, www.cpiengineering.com


Elcometer, Inc.
New Elcometer 456 Coating Thickness Gauge

Best In Class Just Got Better. Technologically Intelligent And Robust. Marvelous Design And Durability. An Earth-Shattering Revolution In Coating Inspection.


Bullard

The Next Generation
of Blasting

• Lightest
• Coolest
• Most Comfortable
• Most Dependable


International Bridge Conference
International Bridge Conference

Save the dates to attend the 2015 IBC. Four full days of educational sessions and 150 exhibits all in the City of Bridges. Click here for more information.


Manus Abrasive Systems, Inc./Mod-U-Blast Mfg.
Manus Abrasive
& Mod-U-Blast Mfg

stock several handy tools to accomplish a wide range of internal pipe blasting/cleaning.
Dealer inquiries welcome.

 
 
 
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