Wednesday, September 26, 2007

Construction materials prices decline


Interest rates have fallen, and so have construction-materials prices, which declined 0.8 percent in August from July, cutting the increase over the past year to only 1.5 percent. Construction sand and gravel, and crushed stone prices were up only 0.6 percent from the month previous; 1.1 percent versus three months ago, and 7.7 percent over a year ago, according to a report from Reed Construction Data, based on information released by the U.S. Bureau of Labor Statistics. That's a far cry from the double-digit increases so prevalent over the past few years. Your comment?

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