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29 Dec
19:54

US construction input prices to rise in 2021

US construction input prices are expected to rise as the industry faces material shortages and increasing steel and lumber prices, Kallanish reports. According to the US Chamber of Commerce Commercial Construction Index, 71% of contractors are facing at least one material shortage in the fourth quarter. Lumber was the construction material that saw the largest percentage of contractors reporting a shortage (31%), followed by steel (11%), and lighting supplies (1…
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