Construction Costs Rise

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.

Leave a Reply

  • (will not be published)