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Construction Materials Prices Drop Again in December as Amount Contractors Charge is Stagnant for the Month, Up Slightly for the Year

The amount contractors pay for a range of key construction materials edged down 0.2 percent in December but climbed 5.3 percent from a year earlier, according to an analysis of producer price index figures released today by 麻豆视频. Meanwhile, the amount contractors charge to construct projects remained largely flat for the month and is up only between 3.3 and 4.7 percent for the year, cutting into contractor earnings and adding to the challenges the hard-hit industry is facing, 麻豆视频 officials said. 鈥淎ny relief contractors might get from the recent declines in materials prices is being offset by their inability to raise prices for new construction projects,鈥 said Ken Simonson, 麻豆视频's chief economist.聽 鈥淲ith overall demand relatively weak and public sector investments in construction declining rapidly, construction remains a buyer鈥檚 market.鈥 To read the full press release, . To view the latest producer price index tables for construction, .