Prices for construction materials dip 2.5% for December

01/20/2009 | Reed Construction Data

For December, the construction materials price index dropped 2.5% compared to November. Declining prices for energy affected the index, with prices for diesel fuel dropping 24%. Asphalt prices fell 20%, and structural steel slid 6%. The drop in prices for materials should help offset rising labor costs in the construction industry.

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