Construction prices might continue to rise in 2005

Ask anyone who had to get construction under contract in 2004 and they’ll tell you it was no easy task.

Prices in Nevada and California jumped tremendously during the year. Will it continue?

Hard to say, but let’s look at what happened to construction prices, why it happened and what is likely to continue into this year.

In the early part of 2004, prices of many construction materials dramatically jumped. And for most of us, it was unexpected.

The March 22 cover story of Engineering News-Record, the most widely read construction magazine, was “Steel price crisis…hikes stun construction.”