Eye On Housing
Producer prices bounced back in November after easing the previous month. The Bureau of Labor Statistics reported the producer price index for finished goods (PPI) advanced 0.3%, seasonally adjusted, in November on the back of a jump in food prices. Modest changes were observed for the energy and core indexes as both recorded a 0.1% increase. The finished goods index… Read More ›
Tag Archive for ‘Building Materials’
PPI: Energy Prices Ease In October, But Most Residential Building Material Prices Shift Up
An easing in energy prices aided a decrease in the producer price index for finished goods (PPI) in October. The Bureau of Labor Statistics reported a seasonally adjusted 0.3% decline in the PPI in October, driven by a 1.4% (SA) decrease in the prices for finished energy goods. The index for finished goods has fluctuated in recent months, but has… Read More ›
Sharp Rise in Gypsum Prices Likely in New Year
Gypsum production is heavily dependent on construction industries. Approximately 90% of gypsum is used in the manufacture of wallboard for residential and non-residential building applications. A further 5% is used as an additive in cement production. The steep decline in the residential and non-residential building sectors over the past five years has greatly affected gypsum demand. Consumption of gypsum fell… Read More ›