The cost of materials and services typically used in construction jumped 4,3% in May alone and by nearly 25% between that month and May 2020, according to an analysis by the Associated General Contractors of America.

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A survey of Wisconsin contractors released Wednesday found nearly half of the respondents had seen projects cancelled this past year because of soaring materials prices or supply-chain disruptions.

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Speaking on Wednesday at a Daily Reporter Builder Breakfast webinar on “The future of the construction supply chain,” AGC of America Chief Economist Ken Simonson readily acknowledged that the main culprit in all of the supply chain pressure has been COVID-19. But there's more to it than that.

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More than a year after the outbreak of the COVID-19 pandemic, the construction industry is faced with unprecedented supply chain disruptions even as the economy at large shows signs of climbing back to where it was before the coronavirus.

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Although a steady backlog of work is expected to keep commercial contractors busy in Milwaukee next year, the city’s tight labor market could continue to drive up costs even as an economic slowdown looms, according to a recent report.

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The average price of commonly used construction materials increased by nearly 1% from March to April, a prominent construction group reported on Thursday.

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A new report finds that construction costs increased at a slightly faster pace in Milwaukee than in five other big U.S. cities last year.

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Construction materials prices fell by 1.7 percent in December from the previous month, a good sign for contractors worried that rising labor costs and higher input prices could erode their profits, according to a trade group's analysis.

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