TITLE

Getting Back To 'Normal'

AUTHOR(S)
Grogan, Tim
PUB. DATE
December 2005
SOURCE
ENR: Engineering News-Record;12/19/2005, Vol. 255 Issue 24, p25
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that construction contractors in the U.S., should get some relief in 2006 from two years of intense material price escalation. The explosion in steel prices in 2004 was followed by stiff price hikes for cement and lumber. This year, gypsum wallboard and energy, plastic and copper-based products all posted large double-digit price hikes. An anticipated slowdown in the housing market combined with increased imports and producer capacity will put a cap on escalation. The housing market is teetering at record levels and many economists predict it will stumble from this peak in 2006. If these forecasts hold, it will bring inflation back into the range it was held in between 1993 and 2003.
ACCESSION #
19725740

 

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