Construction Input Prices Increase 1.4% in February

Construction input prices increased 1.4% in February compared to the previous month, according to an Associated Builders and Contractors (ABC) analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices increased 1.3% for the month. Overall construction input prices are 1.5% higher than a year ago, while nonresidential construction input prices are 1.8% higher.