Construction costs increased in February

[Prices] increased significantly for downstream products such as pumps and turbines. 'While steel costs are coming down right now, price hikes from the summer and fall are now filtering down to turbines and pumps,' said Thomas McCartin, senior economist, pricing and purchasing, IHS Markit. 'Steel prices are an important input cost for these products. Higher input costs, coupled with increasing demand from the energy industry, are putting upward pressure on these materials.' Current subcontractor labor costs registered increases once again." Read more here. 

Back to Demolition Insights Home