Prices of construction materials used in new nonresidential construction jumped more than 21 percent from February 2021 to February 2022, according to an analysis by the Associated General Contractors of America of government data.

Construction employment remains below pre-pandemic levels in 21 states and D.C. while 29 states now employ more construction workers than in February 2020, according to a new analysis of federal employment data released by the Associated General Contractors of America.

Prices of construction materials jumped more than 20 percent from January  2021 to January 2022, according to an analysis of government data by the Associated General Contractors of America.

The fourth quarter of 2021, much like the third quarter, saw home prices continue to increase, although at a slower pace. Fewer markets in the last quarter experienced double-digit price gains.

Prices of construction materials jumped nearly 20 percent in 2021 despite moderating in December, according to an analysis of government data by the Associated General Contractors of America. Association officials said contractors rate materials costs as a top concern for 2022, according to a survey predicting the industry’s outlook for the industry.

Existing-home sales rose in November, denoting three consecutive months of increases, according to the National Association of Realtors. Three of the four major U.S. regions reported growth in monthly sales, while the fourth region held steady in November.

Prices of numerous construction materials soared again in November, outpacing the rate at which contractors raised their bid prices, according to an analysis by the Associated General Contractors of America of government data. 

The change will be effective March 1st, 2021.

The increase will impact select solid and engineered products across AHF brands, including Bruce, Robbins, Hartco and Capella.