Tag Archives: construction costs

Construction costs continue to rise due to tariffs and labor shortage

The price of new nonresidential buildings accelerated in October as contractors attempted to recoup fast-rising costs for materials and labor, according to an analysis by the Associated General Contractors of America (AGCA) of new Labor Department data. Association officials said trade tensions and labor shortages are contributing to higher construction prices, making it harder for public officials to improve aging and over-burdened infrastructure.

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