NAHETS Blog

National Association of Heavy Equipment Training Services, NAHETS Blog

Construction Costs Rise

Posted by Taylor Morris on May 9, 2007

Beaver County, PA

The cost of construction materials and products are rising, and contractors and construction sales people point to a common cause: rising oil costs.

A report from The Associated General Contractors of America (AGC) predicts that by the end of the year there will be a 6-8% increase in cost of construction materials. A main cause for this rise is the increase in costs to transport the material, considering that construction companies largely haul their material by road. Higher gasoline prices yield higher costs of materials and products, because companies affected have to make up for higher costs of transporting and producing.

John Stockaci, owner of a general contracting company in North Sewickley Township said that construction costs per square foot have increased from $80 five years ago to $120 now.

Read more about this here.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: