About Amerisurv| Contact    
Magazine | Newsletter    
Flickr Photos | Advertise    
HomeNewsNewsletterAmerisurv DirectoryJobsStoreAuthorsHistoryArchivesBlogVideosEvents
Register to receive the Amerisurv Newsletter | Also See Our LiDAR News Newsletter | RSS Feed  
advertisement


Subscriptions
Sponsored By

Software Reviews
Continuing Series
     RTN
An RTN expert provides everything you need to know about network-corrected real-time GNSS observations.
Click Here to begin the series,
or view the Article PDF's Here
76-PageFlip Compilation
of the entire series
Test Yourself

Got Answers?
Test your knowledge with NCEES-level questions.
  Start HERE
Meet the Authors
Check out our fine lineup of writers. Each an expert in his or her field.
Wow Factor
Sponsored By


Product Reviews
Partner Sites

machinecontrolonline 


lbszone.com

GISuser.com

GeoJobs.biz

GeoLearn

 

Spatial Media LLC properties

Associates

ASPRS

newsnow 

  The American Surveyor     

Construction Materials Prices Increase 0.7 Percent in January Print E-mail
Written by Associated Builders and Contractors   
Wednesday, 20 February 2013

"Oil prices are not expected to fall significantly anytime soon, and they could continue their upward trajectory in the summer months." —ABC Chief Economist Anirban Basu.

Summary
National construction materials prices increased 0.7 percent in January, with year-over-year prices rising 1.3 percent. Nonresidential construction materials prices were up 0.6 percent for the month and 0.8 percent during the last 12 months.

Several non-metal product prices trended higher in January. Softwood lumber prices jumped 6.7 percent for the month and are now 24.8 percent higher than one year ago. Prices for prepared asphalt, tar roofing and siding increased 0.9 percent for the month and are 0.7 percent higher than last January. Concrete product prices increased 0.3 percent compared to December and are 2.3 percent higher than one year ago.

Metal material prices varied in January. Nonferrous wire and cable prices edged 0.2 percent higher for the month and are up 0.2 percent year over year. Prices for plumbing fixtures and fittings were flat for the month, but are 1.3 percent higher compared to the same time last year. Iron and steel prices decreased 0.2 percent in January and are 10.1 percent lower than the same time last year. Steel mill prices slipped 0.1 percent for the month and are 8.3 percent lower than one year ago. Prices for fabricated structural metal products were down 0.4 percent in January, but are up 0.4 percent year over year.

Crude energy materials prices increased 2.3 percent in January, driven by an 8.1 percent increase in crude petroleum prices. Year over year, crude energy materials prices are down 1.5 percent. Overall, the nation’s wholesale goods prices increased 0.2 percent in January and are 1.4 percent higher than the same time last year.

Analysis
“We have been anticipating an increase in construction materials price volatility for several months,” said Associated Builders and Contractors (ABC) Chief Economist Anirban Basu. “Today’s data indicates that ABC’s prediction of increased volatility in 2013 after a period of unusually stable prices in 2012 is proving to be correct.

“Some of the materials experiencing instability relate more closely to residential construction,” Basu said. “Because of the severe downturn in residential activity, a certain level of productive capacity was removed from the marketplace. With demand for softwood lumber and other materials associated with residential construction now rising, prices also are moving higher. Moreover, increased exports to China have contributed to the recent surge in softwood lumber prices.

“The other major impetus for volatility in January was petroleum,” Basu said. “As many American consumers can attest, oil and gasoline prices have been rising recently. With the Indian and Chinese economies expected to expand more than 6 percent and 8 percent, respectively, and with part of the of the industrial world stabilizing, oil prices are not expected to fall significantly anytime soon, and they could continue their upward trajectory in the summer months.

“The bottom line is materials prices likely will continue to be more volatile this year,” Basu said.

 
< Prev   Next >

deliciousrssnewsletterlinkedinfacebooktwitter

Amerisurv Exclusive Online-only Article ticker
Featured Amerisurv Events
List Your Event Here
please
contact Amerisurv


Google
 
AMERISURV TOP NEWS

Trimble Intros
TSC7 Controller

GOT NEWS? Send To
press [at] amerisurv.com
Online Internet Content

Sponsor


News Feeds

 
Subscribe to Amerisurv news & updates via RSS or get our Feedburn
xml feed

Need Help? See this RSS Tutorial

Historic Maps
Careers

post a job
Reach our audience of Professional land surveyors and Geo-Technology professionals with your GeoJobs career ad. Feel free to contact us if you need additional information.

 

Social Bookmarks

Amerisurv on Facebook 

Amerisurv LinkedIn Group 

Amerisurv Flickr Photos 

Amerisurv videos on YouTube 

twitter

 




The American Surveyor © All rights reserved / Privacy Statement
Spatial Media LLC
7820B Wormans Mill Road, #236
Frederick MD 21701
301-620-0784
301-695-1538 - fax