Sentences with phrase «wallboard prices»
However, wallboard prices are rising faster than the price of construction material overall.
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Over the past 12 months, prices have increased 19 % on steel mill products, 17 % on copper and brass mill shapes, 7.6 % on gypsum products like wallboard and plaster, and 7.3 % on lumber and plywood, according to data released last week by the Bureau of Labor Statistics.
Contractors are already grappling with higher prices on key materials for construction projects like diesel fuel, steel, copper, wallboard, and lumber, said Ken Simonson, chief economist for the Association of General Contractors, a lobbying group with about 26,000 members which also includes suppliers.
Trade disputes, hurricanes and rising demand from overseas are all pushing up the price of materials from gypsum wallboard to lumber and steel.
The price of gypsum wallboard has risen sharply since hurricanes tore through Texas, Florida and Puerto Rico.