ABC: Monthly Construction Input Prices Fall Sharply in December

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Construction input prices decreased 0.6% 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. Nonresidential construction input prices decreased 0.4% for the month. Overall construction input prices are 1.2% higher than a year ago, while nonresidential construction input prices are 1.6% higher. Prices decreased in two of the three energy subcategories last month. Crude petroleum input prices were down 13.2%, while unprocessed energy materials were down 9.1%. Natural gas prices rose 1.5% in December. “Construction input prices fell sharply in December,” said ABC Chief … Read more

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Producer Price Index for Construction Materials, Services Rises 1.1%

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The price of materials and services used in nonresidential construction increased 1.1% from July to August, driven by an extreme jump in diesel fuel costs, according to an analysis by the Associated General Contractors of America. Association officials noted that most other commodity prices were subdued but said their newly released survey showed contractors continue to experience widespread problems finding qualified workers and the costs associated with those shortages. The producer price index for diesel fuel, which covers the selling price at the terminal rack or refinery, soared 34.6% from mid-July to mid-August, the largest one-month jump since 1990. Simonson noted that retail diesel … Read more

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ABC: Monthly Construction Input Prices Increased 1.5%

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Construction input prices rose 1.5% in August 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. Nonresidential construction input prices also increased 1.5% for the month, but are up just 0.2% from a year ago. Rising energy prices drove overall price increases in August. Crude petroleum prices were up 8.9% and unprocessed energy materials prices rose 5.4% last month.

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Construction Industry Continues to Face High PPI Inflation

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According to the U.S. Bureau of Labor Statistics’ latest release of the Producer Price Index for June, the PPI for final demand experienced a modest increase of .1%, after a decline of .4% in May. This upturn can be primarily attributed to a consistent .2% increase in the index for final demand services, mirroring the previous month’s trend, while prices for final demand goods remained steady. Over the 12-month period ending in June, the unadjusted index for final demand showed a modest advancement of .1%. In June, the index for final demand less foods, energy and trade services saw a … Read more

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Input Prices for Nonresidential Construction Climb 21% between March 2021, March 2022

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Prices of materials and services used in new nonresidential construction jumped more than 21% from March 2021 to March 2022, according to an analysis by the Associated General Contractors of America of government data. “Construction firms have been burdened with cost increases of 20% per year or more since early 2021,” said Ken Simonson, the association’s chief economist. “Since contractors can seldom pass along increases on projects that are underway, these extreme price hikes threaten the viability of many firms. Unfortunately, the continuing war in Ukraine is likely to keep input costs elevated for many more months, if not longer.” … Read more

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