Newsline

AGC Leaders, President Bush Discuss Materials Prices

August 25, 2008
/ Print / Reprints /
ShareMore
/ Text Size+

WASHINGTON - Douglas E. Barnhart, president of the Associated General Contractors of America (AGC), and Stephen E. Sandherr, CEO of the AGC, met with President George Bush to discuss the effect of rising petroleum costs on the construction industry.

“Construction costs have risen much more than consumer prices this year, due to the extreme run-up in petroleum costs,” Barnhart explained during the meeting at the White House. “The producer price index (PPI) for inputs to construction rose 10.4 percent from June 2007 to June 2008, versus 5 percent for the consumer price index.”

According to the AGC, the construction industry has faced unforeseen increases in all construction materials, which are resulting in a reduction in projects.

Barnhart and Sandherr were among leaders from a coalition of eight other business associations to meet with the president. During the meeting, President Bush told the group, “Increased domestic energy production will have a psychological impact on the marketplace.” He also said that the activities of the coalition, “have worked to increase the pressure on Congress.”

For more information, visit www.agc.org.

Publication date: 08/25/2008

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 ACI Home Performance Conference

The 2014 ACI National Home Performance Conference & Trade Show was held in Detroit.

Podcasts

Jeff Hutchinson, Energy Solutions Manager for mechanical contractor Bruner Corp., talks about the ductless market and how it can be profitable for a commercial contractor.

More Podcasts

ACHRNEWS

NEWS 07-21-14 cover

2014 July 21

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

R-22 PHASEOUT POLL

Some in the industry are calling for the EPA to halt production of R-22 as of 2015. What do you think?
View Results Poll Archive

HVACR INDUSTRY STORE

plumbing-hvac.gif
2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con