ECONOMIC NEWS: MATERIALS COST INDEX - MAY (05/21/2008)
Steel prices increased for the third consecutive month, offsetting declines in lumber and cement prices.

20-City
1913=100		May 2008
Index Value		% Chg.
Month		% Chg.
Year
Materials2632.51+1.0+1.8
Cement $/Ton100.36-0.9+0.9
Steel $/CT42.13+1.9+4.6
Lumber $/MB428.04-0.4-2.8

Source: ENR May 5, 2008



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