News in end use


Remodeler Sentiment Inches Higher in Q1

The National Association of Builders/Westlake Royal Remodeling Market Index (RMI) for Q1 was released on Thursday. According to the report, the RMI for Q1 edged 1 point higher from 2022Q4 to a reading of 70.

US Rents Post First Year-Over-Year Decline Since March 2020

Redfin reported on Friday that the median US asking rent fell 0.4% year-over-year in March to $1,937. This is the first annual decline in asking rents since March 2020 and the lowest median asking rent in 13 months. As a comparison, rents were up 17.5% one year earlier in March 2022.

Residential Building Materials Prices Climbed in March

A closer look into the Bureau of Labor Statistics March Producer Price Index (PPI) reveals that the price of building materials used in residential construction rose 0.3% in March (not seasonally adjusted). After declining in the last four months of 2022, the index has increased three months in a row.