After Huge Run-Up, Materials Costs Set to Moderate in Q1 | GlobeSt

2022-07-13 05:20:38 By : Mr. Jerome Chiang

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At least one leading construction consultancy firm sees lower prices ahead for construction materials and also a surge in construction spending by 4.5% year-over-year overall thanks to efforts tied to the recent infrastructure bill passed by Congress.

Much of the inflationary pressure on prices was due to shortages prompted by pandemic-related supply chain issues, increased global demand, labor disruptions, and extreme weather. 

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