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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Prices For Nonresidential Construction Materials, Services Climb .5% in February

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The price of materials and services used in nonresidential construction rose .5% in February, following an increase of .7% in January, according to an analysis by the Associated General Contractors of America of government data. The producer price index for inputs to new nonresidential construction —a weighted average of all materials and certain services used in new construction — increased for the second month in a row. Meanwhile, the index for new nonresidential building construction — a measure of what contractors report they would charge to put up a specific set of buildings — dipped by .1% in February, following … Read more

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ABC: Construction Materials Prices Increase 1.4% in January, Up 40.5% Since February 2020

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Construction input prices increased 1.4% in January 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 0.9% for the month. Overall construction input prices are 1.3% higher than a year ago, while nonresidential construction input prices are 0.7% higher. Prices increased in all three energy subcategories last month. Crude petroleum prices increased 14.8%, while natural gas and unprocessed energy material prices increased 13.7% and 13.0%, respectively. “Materials prices increased at the fastest monthly pace in two years in January,” said ABC … Read more

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ABC: Construction Materials Prices Inch Down .2% in December, Up .9% Year Over Year

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Construction input prices decreased .2% in December compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices also decreased .2% for the month. Overall construction input prices are .9% higher than a year ago, while nonresidential construction input prices are .6% higher. Prices increased in all three energy subcategories last month. Natural gas prices were up 57.7%, while unprocessed energy material prices increased 10%. Crude petroleum prices rose slightly, by .5%. “Construction materials prices declined slightly in December and are virtually … Read more

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Monthly Construction Input Prices Unchanged in November, Says ABC

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Construction input prices were unchanged in November 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 .1% for the month. Overall construction input prices are .5% higher than a year ago, while nonresidential construction input prices are .3% higher. Prices decreased in two of the three energy subcategories last month. Crude petroleum prices were down 3.3%, while unprocessed energy materials prices were down 2%. Natural gas prices were up 2.6% in November. “Construction input prices are up just .2% through the … Read more

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