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Construction Dive · Jun 12, 2026 12:56 PM EDT MacroHousingIndustrials

Construction costs surged in May at fastest annual rate since pandemic

“Contractors are being hit by a double whammy” of rising materials prices and slower growth in bid prices, said Ken Simonson, chief economist at Associated General Contractors.

Construction costs surged in May at fastest annual rate since pandemic
Image Construction Dive

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