Building Materials Prices See Large Increases
The NAHB’s Eye on Housing recently took a deep-dive into the Bureau of Labor Statistics Producer Price Index (PPI) regarding the prices of goods used as inputs to residential construction. Their data shows that overall (excluding energy) they have increased 19%. If you add in energy that rate drops to 12%.
The NAHB says that prices related to residential construction, including lawn care products, the 10 that have increased the most so far this year are:
- Steel mill products
- Building paper and building board mill products
- Asphalt
- Plastic water pipe
- Fertilizer materials
- Laminated veneer lumber
- Thermoplastic resins and plastics materials
- Structural metal joists and concrete reinforcing bars
- Wood window and door frames
- Copper pipe and tube
Click here to read the full report at the NAHB’s Eye on Housing.
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