Materials prices continue downward slide

Basu, Anirban
December 2008
Grand Rapids Business Journal;12/22/2008, Vol. 26 Issue 52, p20
This article reports on the continued downward trend in construction materials prices in November 2008, according to the U.S. Labor Department. Construction input prices experienced a 4.9 percent increase in spite of the drop, while plumbing fixtures and fittings prices dropped by 0.6 percent. Other materials that experienced a drop in prices include fabricated structural metal products, nonferrous wire and cable, and asphalt felts. These declines can be attributed to a lack of demand and falling oil prices.


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