Goods Used in Residential Construction Decreased Slightly in February

According to the Bureau of Labor Statistics, Producer Price Index (PPI) prices paid for goods used in residential construction decreased in February by <-0.5%>, not seasonally adjusted.  Prices for building materials have remained stable, with prices just 0.6% higher than were 12-months ago. In fact, the PPI for inputs to residential construction has remained within a 2% band since March 2019 and have only increased, or decreased, by more than 1.0%, month-over-month, four times in the past 24 months.