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13 Jun
20:46

AGCA: Tariffs to push construction costs sky-high

US construction costs jumped in May for a variety of different materials, led by tariff-laden steel and aluminium, Kallanish learns from the Associated General Contractors of America. "Prices jumped at double-digit annual rates for metals, lumber and plywood, and diesel fuel, while ready-mixed concrete, asphalt paving and roofing materials also had unusually large increases," says association chief economist Ken Simonson. "The cost of all goods us…
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