The prices contractors say they’ll charge for nonresidential construction has made the sharpest increase since 2009, when the Bureau of Labor Statistics began recording them.
In October, prices jumped 2 percent from the previous month and 5 percent from the previous year, marking both the largest monthly and yearly increase on record.
An analysis of federal data by the Associated General Contractors of America suggests that costs have increased even more quickly, rising 6.6 percent year over year.
Keep reading this article at: https://www.lmtonline.com/business/real-estate/article/Contractors-charging-more-for-construction-as-13384074.php
