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Cost of construction materials in February increases 0.9 percent

from Equipment World

Prices of key construction materials rose sharply in February, according to an analysis by the Associated General Contractors of America. "Prices for a wide range of construction inputs rose sharply in February, threatening to put contractors out of business and leave public projects underfunded unless materials can be ordered before prices jump further," Ken Simonson said, AGC's chief economist. The price index on construction inputs rose 0.9 percent in February, up from a 0.4 percent increase in January. more

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