July 17, 2013
The average cost of materials consumed by the construction industry, including items like diesel fuel, slipped 0.1 percent in June, according to a report from our sister site, Equipment World.
The data come from the Associated General Contractors of America’s (AGC) latest analysis of data from the Bureau of Labor Statistics (BLS), which also points out that construction materials prices were up 1.5 percent year-over-year in June.
Residential construction materials were down 0.2 percent for the month and were up 1.9 percent year-over-year, while nonresidential construction materials held steady from month to month and were up 1.2 percent from June 2012.
AGC also pulled a list of individual materials’ pricing from the BLS:
|Change from May 2013||Change from June 2012|
|Steel mill products||-0.7 percent||-8.1 percent|
|Copper and brass
|-0.5 percent||-3.8 percent|
|-0.1 percent||-2.5 percent|
|Diesel fuel||-0.6 percent||-3.6 percent|
|Concrete products||-0.1 percent||-3.1 percent|
|Gypsum products||-0.2 percent||+16.0 percent|
|-3.3 percent||+9.9 percent|