Construction MMI®: Prices Fall Just as Summer Projects Heat Up

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After enduring years of stalled, abandoned construction projects, “things are moving fast,” in Las Vegas’ construction scene, according to John Matt Stater, research manager for brokerage Colliers International, as quoted by Bloomberg News. Rental complexes are being built as are entertainment venues. And, MGM and AEG are building a $375 million, 20,000-seat sporting events arena.

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Low steel and copper prices are helping US contractors acquire large volumes of those construction materials for their summer projects.

 

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