Construction material prices fell in December 2022
Construction material prices decreased 2.7% in December 2022 and are up 7.9% on a year-over-year basis; nonresidential construction material prices fell 2.7% in December 2022.
Supply Chain Shortage Information
What are contractors’ top concerns for 2023?
Recession, material costs, supply chain issues and an industry labor shortage are some of the issues topping the list of contractors’ worries for the upcoming year.
As supply chain issues ease, consumers are experiencing a bit of relief
The supply backlogs of the past two years—and the delays, shortages and price hikes that accompanied them—have improved dramatically.
Construction material prices fell in November
Construction material prices decreased 0.9% in November and are up 11.9% on a year-over-year basis; nonresidential construction material prices fell 0.8% in November.
Construction material prices fell slightly in September
Construction material prices decreased 0.1% in September but are up 16.3% on a year-over-year basis.
Lumber prices fall to lowest level in more than two years
Lumber futures ended Sept. 26 at $410.80 per thousand board feet, which is down about 33% from a year ago and more than 70% from their peak in March.
Construction material prices fell in August
Construction material prices decreased 1.4% in August but are up 16.7% on a year-over-year basis; nonresidential construction material prices also fell 1.4% in August.
Lumber prices ride a volatility roller coaster
Multifamily developers and builders have found it difficult to budget for their lumber needs.
Construction material prices fell in July
Construction material prices decreased 1.8% in July but are up 17.4% on a year-over-year basis.
Construction material prices are 20.1% higher than a year ago
Construction material prices rose 1.9% in June and are up 20.1% on a year-over-year basis; nonresidential construction material prices are 20.3% higher than a year ago.
Construction material prices are 21.4% higher than a year ago
Construction material prices rose 2.3% in May and are up 21.4% on a year-over-year basis.
Construction material prices are 23.7% higher than a year ago
Construction material prices rose 0.8% in April and are up 23.7% on a year-over-year basis; nonresidential construction material prices are 24% higher than a year ago.
Metal-Era,® Hickman Edge Systems announce price relief for contractor products
Metal-Era LLC and Hickman Edge Systems have reduced prices up to 12% for five products in their fascia and coping lines.
NRCA joins letter to Secretary Buttigieg regarding supply chain shortages
The letter urges dedicating as much funding as possible to support projects that will facilitate and ease the movement of goods.
Polyisocyanurate industry reports 7.5% rise in product shipments for 2021
During the past five years, total polyisocyanurate product shipments have increased by more than 22%.
ARMA releases report on asphalt roofing product shipments
The Asphalt Roofing Manufacturers Association has released its first Quarterly Product Shipment Report for 2022.
Construction material prices are 24.4% higher than a year ago
Construction material prices rose 3% in March and are up 24.4% on a year-over-year basis; nonresidential construction material prices are 25% higher than a year ago.
U.S. will partially lift tariffs on steel and aluminum exports from the U.K.
On March 22, the U.S. reached a deal with the United Kingdom to partially lift tariffs on steel and aluminum exports from the U.K. beginning June 1.
Construction material prices are 24.4% higher than a year ago
Construction material prices rose 2.6% in February and are up 24.4% on a year-over-year basis; nonresidential construction material prices are 25.1% higher than a year ago.
Ukraine invasion likely will affect material prices
U.S. contractors face war, inflation and supply chain snarls as they struggle to source building materials.
Funding will strengthen port infrastructure and supply chains
The Biden administration has announced funding to strengthen port infrastructure and supply chains.
What are some contractors doing to survive the supply chain crisis?
Prices for essential parts have risen by at least 50% in a year, and lead times for materials have increased significantly.
Supply chain chaos
Material shortages and price volatility plague the industry.
Task force says truck parking is part of solving supply chain issues
A Missouri task force has highlighted truck parking as key to solving some of the state’s supply chain issues.
Construction material prices are 23.6% higher than a year ago
Construction material prices rose 3.5% in January and are up 23.6% on a year-over-year basis.
ROCKWOOL announces reduced lead times for roofing products
A new facility in West Virginia has allowed ROCKWOOL to ramp up production and significantly reduce lead times for roofing products.
Volatility of lumber prices hits high not seen since end of World War II
Fluctuations in the prices of building supplies are complicating construction of new homes.
Construction material prices are 22.3% higher than a year ago
Construction material prices rose 0.6% in December 2021 and are up 22.3% on a year-over-year basis; nonresidential construction material prices are 23.2% higher than a year ago.
Construction material prices are 23.5% higher than a year ago
Construction material prices rose 1.4% from October to November and are up 23.5% on a year-over-year basis.
Owens Corning will expand capacity to meet growing demand
Owens Corning, Toledo, Ohio, plans to accelerate increased production capabilities to support growing demand for its roofing products.
Six key facets of current global supply chain strain
FM Global spotlights six facets of the current supply chain crisis that exemplify threats to business resilience.
U.S., European Union reach agreement to ease steel and aluminum tariffs
The U.S. will lift tariffs on some steel and aluminum imports coming from Europe beginning Dec. 1 as part of an agreement to ease trade tensions.
Construction material prices are 18.9% higher than a year ago
Construction material prices fell 0.5% from August to September but are up 18.9% on a year-over-year basis.
White House will work with companies, ports to help ease supply chain struggles
Some ports will start working on a 24/7 schedule to alleviate bottlenecks and address backlogs.
NRCA sends letter to Department of Energy
The letter expresses the need for a comprehensive federal approach to address supply chain shortages.
AGC offers Construction Inflation Alert
Get the latest Associated General Contractors of America report about construction industry inflation and supply chain disruptions.
Supply Chain Shortage Town Hall Recording
On Sept. 22, NRCA held a Telephone Town Hall with leaders of significant industry manufacturers, who shared updates and answered questions regarding the supply chain crisis.
NRCA releases Industry Issue Update
As the roofing industry experiences material shortages and price volatility, NRCA offers information to help members communicate with those involved in roof purchasing decisions.
Construction material prices are 20.8% higher than a year ago
Construction material prices fell 0.6% from July to August but are up 20.8% on a year-over-year basis.
NRCA sends letter to Biden administration regarding supply chain issues
The letter expresses the need for immediate federal assistance to help address the effects of unprecedented supply chain issues.
Shortages of supplies, labor will delay Gulf Coast rebuilding
The struggle to find enough skilled workers and materials likely will increase costs, complicate planning and delay reconstruction for months after Hurricane Ida.
Overcoming construction supply chain obstacles
What are steps construction business owners can take to overcome construction supply chain challenges?
Hurricane Ida could exacerbate supply chain issues
Construction companies likely will struggle with shipping and material shortage issues as rebuilding efforts begin in the wake of Hurricane Ida.
Oil industry shuts platforms, rigs, refineries before storm
Oil and gas producers evacuated platforms and rigs in the Gulf of Mexico and companies were shutting down refineries in Hurricane Laura’s path.
Construction material prices are 23.1% higher than a year ago
Construction material prices rose 0.6% from June to July and are up 23.1% on a year-over-year basis.
What five challenges could slow the construction industry’s recovery?
Overcoming these challenges could lead to unparalleled industry growth.
Recording of NRCA’s July 30 supply chain summit
Learn about current issues related to material shortages and how to protect your business.
How are contractors surviving high prices and supply chain delays?
Contractors implement efficiency-focused construction principles.
Construction material prices continued to rise in June
Construction material prices rose 2.8% from May to June and are 24.8% higher than a year ago.
Using Contracts to Manage Volatile Material Availability & Pricing
Download & view this informative powerpoint prepared by Hendrick, Phillips, Salzman & Siegel Attorneys at Law to learn the challenges and proposed solutions for contractors facing material pricing volatility.
How the lumber industry ended up with a global shortage and sky-high prices
Lack of construction since the 2008 housing crash and misreading the economic effects of COVID-19 helped lead to undersupply.
Labor shortage leads contractors to turn down work
Materials shortages, cost fluctuations and a lack of skilled labor continue to affect the construction industry.
Lumber prices are falling after hitting record high
Lumber futures for July delivery were down 42% from the record high reached in May, potentially signaling an eventual return to normalcy.
Construction material prices continued to rise in May
Construction material prices rose 4.6% from April to May and are 24.3% higher than a year ago.
Material unavailability in American Institute of Architects contracts
As construction materials prices soar, contractors must manage the risks of issues such as price acceleration and substitution of materials.
June 11 Recording Legal Webinar Series: Navigating Material Volatility
Learn specific contract provisions to include in your proposals and tactics you can use to negotiate change orders or requests for a time extension.
Higher commodity prices contribute to inflation fears
As commodity prices increase and affect vulnerable businesses and households, there are fears inflation could become more persistent.
Lumber prices soar, punishing apartment builders
Lumber prices that have slowed single-family home construction now are affecting multifamily developers.
Construction material prices continued to rise in April
Construction material prices rose 1.3% from March to April and are 19.7% higher than a year ago.
Steel prices have tripled. Now Bank of America is sounding the alarm
Steel is the latest shortage to hit the U.S. economy as it recovers from the pandemic.
Managing Volatile Material Pricing
As construction materials prices soar, what can contractors do to manage the risks of price volatility and escalation?
Companies take steps to adapt to material shortages
Construction vendors and subcontractors are relying on technology and off-site fabrication to adapt to material shortages and other challenges.
Live Action Alert: Supply Chain Shortages recording is available
NRCA CEO Reid Ribble and NRCA Vice President of Technical Services Mark Graham discuss the materials shortage issue facing the roofing industry.
April FMO
The April issue of For Members Only discusses how supply-chain disruptions are affecting the roofing industry and possible risks they could present for companies.
Post-pandemic boom poised to get smacked with severe shortages
Supply chain problems have been unfolding throughout the pandemic, as people radically shifted what they bought.
Construction material prices continue to rise in March
Construction material prices rose 3.5% from February to March.
Soaring material prices, supply chain delays spook owners and developers
The rising cost of many materials and increased sourcing headaches have project owners rethinking their return to normalcy and threaten to derail construction's expected resurgence.
April 9 webinar recording Legal Webinar Series: How to Combat Material Price Increases in Your Contracts and on the Job
Learn how to modify your contracts to protect against possible increases in labor and material prices.
Raw materials shortages cause trouble for the construction industry
Roofing contractors should be aware of raw materials shortages affecting the industry and plan ahead to limit the effects.
The price 'U-turn': What rising material costs mean for construction
How has the turnaround in material prices affected construction, and what can the industry expect during the coming months?
Including a Price Acceleration Clause in Your Next Contract
As material costs rise, how can you protect yourself from increasing expenses?
