Drop in April Construction Input Prices Could Help Stabilize Nonresidential Construction Sector, Says ABC

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Construction input prices fell 4.4% in April from 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 declined 4.2% for the month. Among 11 subcategories, nine experienced monthly price declines. All three energy subcategories considered in this release were lower in April, with crude petroleum down 48.9%, unprocessed energy materials down 27.5% and natural gas down 20.4%. The only subcategories that didn’t experience monthly price decreases were plumbing fixtures and fittings, which remained virtually unchanged, and concrete products, which increased 0.1%. “There has been … Read more

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Construction Input Prices Rebound in July, Says ABC

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Construction input prices expanded 0.8% in July but are down 0.6% year-over-year, according to a recently released Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data. Nonresidential construction input prices also increased 0.8% for the month but have declined 0.3% on a year-ago basis. Much of the year-over-year decline can be explained by plummeting energy prices, including crude petroleum (-20.3%), natural gas (-31%) and unprocessed energy materials (20.9%). The prices of softwood lumber (-19.5%) and iron and steel (-11.1%) are also down significantly since July 2018. “The decline in construction input prices over … Read more

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Construction Input Prices Plummet in June, Says ABC

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Construction input prices decreased 1.3% on both a monthly and yearly basis in June, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data. This is the first time in nearly three years that input prices have fallen on a year-over-year basis. Overall, nonresidential construction input prices declined 1.4% from May 2019 but are down just 0.8% from June 2018. Among the 11 sub-categories, only natural gas (+1.6%) and concrete products (+0.9%) prices increased compared to May 2019. On a yearly basis, three of the sub-category prices have declined by more than … Read more

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Construction Input Prices See Slight Increase in May, Says ABC

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Construction input prices rose slightly by 0.3% in May on a monthly basis and are up 0.6% over the last 12 months, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics data. Nonresidential input prices were also up 0.3% compared to the previous month and are 1.1% higher than they were a year ago. Among the 11 subcategories, six saw prices fall last month, with the largest decreases in natural gas (-15.2%), unprocessed energy materials (-8.2%) and crude petroleum (-6.2%). Of the remaining five subcategories, only two experienced price increases greater than 1%: nonferrous wire … Read more

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Construction Input Prices Continue to Rise, Says ABC

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Construction input prices increased 0.9% in April on a monthly basis and 2.4% compared to the same time last year, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics data. Nonresidential input prices rose 0.9% compared to March and are up 2.8% on an annual basis. Among the 11 subcategories, seven experienced price decreases last month, with the largest decreases in natural gas (-8.7%), iron and steel (-1.7%) and steel mill products (-1.7%). The four subcategories that experienced monthly price increases were crude petroleum (+13.9%), unprocessed energy materials (+3.7%), prepared asphalt products (+2.7%) and concrete … Read more

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