The fallout from the growing financial crisis triggered by the nation's sub-prime mortgage debacle will spread into the industry's construction cost indexes in 2008. The lingering recession in housing will undercut lumber and cement prices. Steel prices will slip as a credit crunch dampens enthusiasm in the nonresidential building markets. With prices falling, inflation will take a step back. Articles: Forecast: Inflation Bows to Sub-Prime Crisis International: Inflation Cools in China, West Europe, U.S. Eastern Europe: EU Membership Bring New Cost Challenges Canada: Oil Sands Boom Extracts Toll on Costs Data Tables: ENR's 2008 Cost Forecast Materials Price Inflation Through 2008 U.S. Cement Consumption Forecast Construction Materials Price Movement in 2007 Builders' Construction Cost Indexes International Price Trends Building Cost Forecast 2008 Building Inflation World Labor Rates International Commercial and Industrial Building Costs International Material Prices International Residential and Retail Building Costs Industrial Building Purchasing Parities/Index Montreal Cost Indexes from 1995-2007 Toronto Cost Indexes from 1995-2007
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