The cost of construction products climbed 7.4 percent over the past year due to double digit increases in commonly-used materialsa, according to an analysis by the Associated General Contractors of America (AGCA)’s new Labor Department.
Construction costs accelerated again in June, with steep price increases for a range of building and road construction materials as tariffs against foreign goods come into effect, according to a report from the Associated General Contractors of America.
In response to President Donald Trump’s announcement last month that the United States would be imposing tariffs on metal imports from Canada, the European Union, and Mexico, the Canadian government introduced dollar-for-dollar retaliation duties. Beginning July 1, a number of U.S. steel products faced fees of 25 percent, while an array of aluminum products cost Canadian importers 10 percent more.
Aluminum accounts for the greatest share of the U.S. commercial market for windows, doors, and skylights. Its manufacturing versatility, structural longevity, performance dependability, and near-infinite recyclability contribute to its popularity.