Tag Archive for ‘Building Materials’

Global Exports of U.S.-Grade Framing Lumber

The United States consumed roughly 47 billion board feet of softwood lumber in 2019, 30.8% of which came from 48 foreign countries.  All softwood lumber imports are not created equally, however.  The lumber used to frame a home in the United States must meet stringent standards set by the American Lumber Standard Committee and only 16 foreign countries produce lumber… Read More ›

Top Challenges for Builders: Building Materials Prices in 2020 & 2021

Building materials prices topped the list of problems builders faced in 2020 and is expected to return to the number one spot in 2021, according to special questions on the December 2020 survey for the NAHB/Wells Fargo Housing Market Index.   The survey results showed that building materials was a significant issue for 96% of builders last year.  In 2021, however,… Read More ›

Led by Lumber, Building Materials Prices Climb 5.4% in 2020

Prices paid for goods used in residential construction ex-energy rose 0.7% in December (not seasonally adjusted) and ended the year 5.4% higher than they stood in December 2019, according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. Building materials (i.e., inputs to residential construction less food and energy) prices declined just twice over the… Read More ›

Building Materials Prices Decline in November Amid High Volatility

Prices paid for goods used in residential construction ex-energy decreased 0.6% in November (not seasonally adjusted) according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. The index for inputs to residential construction, including food and energy also decreased over the month, albeit by slightly less (-0.5%). Neither measure had fallen since pandemic-driven price… Read More ›

Largest Four-Month Lumber Price Increase in 70 Years Outweighs Other Price Declines in August

Prices paid for goods used in residential construction continued their upward trend in August, increasing 0.9% (not seasonally adjusted) according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. It is the fourth consecutive monthly increase since the index declined three months straight and brings the index back to its pre-pandemic level. Prices of… Read More ›

Top Products Used in New Residential Construction

In a recent article, NAHB analysis of government data found that new single-family and multifamily construction used a total of roughly $94.93 billion in building products in 2019.  Although the vast majority of the $94.93 billion was produced domestically, supporting jobs in the U.S. manufacturing sector, about 6.4 percent ($6.12 billion) was imported from other countries.  It may seem a… Read More ›

Building Materials Prices Move Higher in May

Prices paid for goods used in residential construction increased 0.6% in May (not seasonally adjusted) according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. May marks only the fourth monthly increase in the past 12 months in the price index for residential construction inputs. The index has declined 4.8% year-to-date (YTD), nearly four times the… Read More ›

Building Materials Prices Post Record Monthly Decline in April

Prices paid for goods used in residential construction decreased 4.1% in April (not seasonally adjusted)—the largest monthly decline on record—according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics. The year-to-date decline (-5.4%) in residential construction inputs prices is more than three times larger than the previous record (-1.3% in 2009). Building materials prices have fallen… Read More ›

Building Materials Prices and Supply Chain Routes

Prices paid for goods used in residential construction decreased 0.5% in February (not seasonally adjusted) according to the latest Producer Price Index (PPI) released by the Bureau of Labor Statistics. Building materials prices are just 0.6% higher than they were 12 months ago and have been remarkably stable since then, with an average monthly increase of 0.05%. In fact, the… Read More ›

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