Construction costs rising with materials prices

06/14/2004 | Washington Post (tiered subscription model), The

Prices for many building materials, including steel, cement and lumber, have risen dramatically since last fall, and the effects are being felt by almost every construction company, large or small. High demand from China has combined with booming housing markets to drive prices to record levels, according to Kenneth D. Simonson, chief economist at the Associated General Contractors of America.

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