Construction Input Prices Rise 2.8% in June, Says ABC
WASHINGTON, July 14—Construction input prices increased 2.8% in June compared to the previous month, according to an Associated Builders and Contractors analysis of Producer Price Index data released today by the U.S. Bureau of Labor Statistics. Nonresidential construction input prices increased 2.9% for the month.
Construction input prices are 24.8% higher than a year ago, while nonresidential construction input prices are up 24.6% over that span. As has been the trend for several months, all three energy subcategories experienced significant year-over-year price increases. The price of crude petroleum has risen 108.8%, while natural gas and unprocessed energy materials prices have increased 105.9% and 83.5%, respectively. Though prices for softwood lumber are up 125.3% over the past year, they were down 2.1% on a monthly basis.
