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Construction materials prices drop slightly

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 An Associated General Contractors of America report released today shows that construction materials prices dropped 0.6 percent in October but are still continuing to outpace building prices for the year, which is causing problems for contractors.

An economist noted that while the amount contractors charge increased between 3.3 to 4.3 percent, the Producer Price Index for construction materials climbed 6.9 percent in the past year.