ABC: Construction Materials Prices Jump Again in August

What happened

“Prices for iron and steel, softwood lumber, switchgear, copper wire and cable, and several derivative metal products are now up more than 10% year over year. Construction input prices increased 1.2% in August compared to the previous month, according to an Associated Builders and Contractors analysis of the U.S. This is especially true given recent escalation in the trade war with Canada and the fact that oil prices have jumped back above $100 per barrel.” .

Key details

• Construction input prices increased 1.2% in August compared to the previous month, according to an Associated Builders and Contractors analysis of the U.S.
• This is especially true given recent escalation in the trade war with Canada and the fact that oil prices have jumped back above $100 per barrel.” .
• Crude petroleum prices expanded 5.2% and unprocessed energy materials prices rose 1.5%, while natural gas prices were down 11.6% in August.

Why it matters to restoration

This belongs on an operator’s radar because insurance behavior sets the rules for documentation, scope disputes, cash flow and customer expectations. If the article points to a carrier, court or coverage trend, the practical question is what proof your next file needs before the argument starts.

What to check next

Check whether your estimates, photos, notes and customer updates would survive the same dispute described in the article.

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