ABC Releases March Construction Spending Data

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Construction input prices increased 0.5% in March, according to an Associated Builders and Contractors’ analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices increased 0.6% for the month. Both overall and nonresidential construction input prices are 0.8% higher than one year ago. While crude petroleum prices fell considerably in March, that decline was more than offset by rapidly rising natural gas, steel, copper and lumber prices. “Construction input prices increased at a rapid pace for the third consecutive month in March and have now risen at a 9.7% annualized rate through the first quarter … Read more

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Construction Materials Prices Increase .6%, Steel Surges Nearly 4% in February

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Construction input prices increased .6% in February, according to an Associated Builders and Contractors’ analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices also increased .6% for the month. Overall construction input prices are .3% higher than one year ago, while nonresidential construction input prices are .1% lower. Iron and steel, steel mill product and softwood lumber prices all increased sharply in February. “Nonresidential input prices increased at a rapid pace in February and have risen at a far-too-hot 9% annualized rate through the first two months of 2025,” said ABC Chief Economist Anirban … Read more

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Energy Prices Drive Construction Materials Costs Higher in October

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Construction input prices increased .3% in October compared to the previous month, according to an Associated Builders and Contractors’ analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices also increased .3% for the month. Prices increased in all three energy subcategories last month. Natural gas prices increased by 29.3%, unprocessed energy materials prices rose 9.9% and crude petroleum prices advanced by 7.3%. Overall construction input prices are .2% lower than a year ago, while nonresidential construction input prices are 0.5% lower. “Higher energy prices drove the increase in construction input prices observed in October,” … Read more

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ABC Releases July Construction Materials Prices Analysis

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Construction input prices increased .4% in July compared to the previous month, according to an Associated Builders and Contractors’ analysis of U.S. Bureau of Labor Statistics Producer Price Index data. Nonresidential construction input prices also increased .4% for the month. Overall construction input prices are 1.1% higher than a year ago, while nonresidential construction input prices are .8% higher. Prices increased in all three energy subcategories last month. Natural gas prices were up by 13%, while unprocessed energy materials and crude petroleum prices rose 6% and 5.5%, respectively. “Construction input prices increased in July, ending a streak of two consecutive … Read more

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ABC: Monthly Construction Input Prices Increase Slightly

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Construction input prices increased 0.2% in September compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics Producer Price Index data. Nonresidential construction input prices increased 0.2% for the month, as well. Overall construction input prices are 0.3% higher than a year ago, while nonresidential construction input prices are 0.6% higher. Prices increased in all three energy subcategories in September. Crude petroleum prices were up 10.1%, along with unprocessed energy materials prices, which rose 7.5% last month. Natural gas prices were up slightly by 0.1% in September.

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