Monthly Construction Input Prices Rise 1.3% in April, Says ABC
WASHINGTON, May 13—Construction input prices increased 1.3% in April 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 increased 1.6% for the month.
Construction input prices are 19.7% higher than a year ago, and nonresidential construction input prices expanded 19.2% over that span. All three energy subcategories have experienced significant year-over-year price increases. The price of crude petroleum rose 245.2%, while unprocessed energy materials and natural gas increased 117.7% and 114.6%, respectively. Softwood lumber prices have increased 121.1% over the past year.