Contractors Raise Prices To Keep Up With Cost Increases, Especially To Build Warehouses: Up 13% In October

As U.S. consumers experience the strongest price inflation in 30 years, contractors are seeing their own brand of inflation that is putting the squeeze on the construction industry and is now causing contractors to raise what they charge.

Bid prices charged by contractors for new structures shot up across commercial development sectors in October compared with September, according to the Bureau of Labor Statistics, which tracks inflation for producers as well as consumers.

Most notably, the cost of building warehouses increased 13% for the month, far more than any other property type the BLS tracks....