Items Tagged with 'Costs'

Insulation is one of the best ways to reduce home energy costs, with a national opportunity to save 15 to 45 percent on costs, according to ICF’s Insulation Opportunity Study. With the unprecedented heat making energy costs increasingly unaffordable for all Americans, but particularly low-income Americans, this cannot be overstated.

Billd’s National Subcontractor Market Report survey showed that materials and labor cost subcontractors $97 billion more than expected last year, according to Zachary Phillips of Construction Dive. Billd is a construction financial support company based in Austin, Texas.

The price of materials and services used in nonresidential construction continued rising at a double-digit rate in November from a year earlier, propelled by outsized increases in the cost of a variety of building materials, according to an analysis by the Associated General Contractors of America of government data released Dec. 9. Association officials noted that contractors are having to pay more both for materials and for the subcontractor services they need to finish most projects.

Prefab construction is here, and it’s happening. The combination of a severe labor shortage and extreme shortfalls in housing supply is driving a renewed interest in prefabricated construction as a more cost-efficient alternative to traditional building.

After a year marked by numerous price spikes, construction costs declined in December but remained elevated compared to year-earlier prices

New labor department figures demonstrate how new tariffs have increased the costs of key construction materials, with metal materials experiencing double-digit percent increases.