Building Materials See Price Declines for 2nd Consecutive Month

Prices for Building materials have been decreasing the past few months, according to recent data analyzed by the NAHB’s Eye on Housing. In fact, they say prices for softwood lumber fell 1.7% in October following 5.5% in August and 3.1% in September. However they do point out that softwood lumber prices are 4.4% higher than they were a year ago BUT have fallen 41.3% since March. All data is from the latest Producer Price Index (PPI) report. Indeed…