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Cost of construction materials drops 3.2% in November

The cost of construction materials declined 3.2% in November, a greater decline than the 2.2% drop posted for the entire U.S. economy. Smaller declines are expected in December and possibly in January. The cost of diesel fell 20%, asphalt fell 15% and structural steel declined 11%. Costs are still above last year's prices. Reed/ACP Construction Data (12/15)