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ABC Report: Year-over-year Material Costs Up 7.9%

Construction prices are up 0.5% last month and are up 7.9% year-over-year, according a new analysis from the Associated Builders and Contractors. So reports Construction and Demolition Recycle.

The analysis is based on statistics released from the U.S. Bureau of Labor Statistics. Metal and steel mill prices are up 13.9% and 18.2%, respectively, from the same time last year. Demand for construction services, though, has continued to rise.

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