The Cost of Construction Materials Will Likely Remain High in 2024
If you’ve gotten a quote from a home builder or stepped into your local big-box store lately, the cost of construction materials probably made you do a double take.
It’s not just your imagination: The cost of materials has jumped by
an average of 19%.
The UAW labor deals with General Motors
(GM.N), Ford Motor
(F.N) and Stellantis
(STLAM.MI) through 2028, include a 25% increase in base wages, including an immediate 11% hike, and will cumulatively raise the top wage by 33%, compounded with estimated cost-of-living adjustments to over $42 an hour.