Construction material prices increased 0.6% from January to February and are 0.3% higher than in February 2024, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics data.
“Despite the sizable increase over the past two months, nonresidential input prices are still down on a year-over-year basis,” ABC Chief Economist Anirban Basu said in a statement. “That will likely change in the coming months as tariffs continue to put upward pressure on prices. While ABC members are, on balance, still optimistic about their profit margins, according to ABC’s Construction Confidence Index, 23% of them expect their profitability to decline over the next six months, the highest share since October 2024.”
Read the full report here.
